The alleged offence happened before the Lakshmi Vilas Bank (LVB) merged with the wholly-owned subsidiary of Singapore-based DBS Bank in India in November 27, 2020. A bench of Justices S Ravindra Bhat and Aravind Kumar noted that the criminal proceedings in question were attributable to the actions of four officials of Lakshmi Vilas Bank before its amalgamation with DBS Bank.
