Chandigarh, May 16 -- The vigilance department has initiated an inquiry into what appears to be a 2 crore money laundering case involving a former general manager at the Chandigarh State Co-operative Bank in Sector 22 B, following a complaint by an employee of the bank, documents accessed by Hindustan Times reveal.

In fact, nothing seems to have been done about the bank employee's complaint in 2016 even though a fact-finding report by Varinder Kumar, general manager of the bank, submitted to the office of the registrar, Cooperative Societies, Chandigarh, on February 13, 2017, pointed to "a clear case of money laundering" by Kamal K Sharma, who was chairman of the bank from 2012 to 2016.

Sharma, the report mentions, as chairman, opened an ...