Guwahati, March 26 -- The Assam Apex Bank scam refers to allegations of financial corruption involving the Assam Co-operative Apex Bank Ltd. (ACAB), a cooperative bank established in 1948.

Protests by Jatiya Yuva Sakti, the youth wing of the Assam Jatiya Parishad, and the subsequent arrest of journalist Dilwar Hussain Mozumder by Assam Police, who had questioned bank managing director Dombouru Saikia about the alleged scam, brought the issue into sharp focus.

The allegations center around a purported Rs 50-crore scam linked to the bank's top officials, including its chairman, Biswajit Phukan (an MLA), and managing director, Dombaru Saikia.

Jatiya Yuva Sakti accused these officials of financial misdeeds for personal gain.

Specific clai...