Pulpally bank loan fraud: KK Abraham resigns as KPCC general secretary

Abraham is the former president of the Cooperative Bank and a KPCC general secretary. Photo: Manorama News

Wayanad: Kerala Pradesh Congress Committee (KPCC) general secretary K K Abraham,  who is the prime accused in the alleged loan fraud at the Pulpally Cooperative Bank, resigned from his position in the party on Friday.

The former president of the Pulpally Cooperative Bank was arrested in connection with the case and remanded to custody for 14 days.

Abraham sent the letter of resignation to the KPCC President K Sudhakaran while in custody. According to sources, the KPCC was planning on initiating disciplinary action against him.

Vigilance to file charge-sheet today

The Vigilance and Anti-Corruption Bureau will submit a charge-sheet in court on Friday in connection with the alleged loan fraud at the Pulpally Cooperative Bank.

Vigilance investigation into complaints regarding embezzlement and loan fraud through benami transactions at the establishment began in 2019.

There are 10 people named in the charge-sheet, including the president, some members of the administration, and employees of the bank.

Kerala police had on Wednesday arrested K K Abraham and bank secretary K T Ramadevi in connection with the suicide of Rajendran Nair, the complainant in a loan fraud case pertaining to the Pulpally bank.

Sajeevan Kollappally, an accused in the case, is absconding.

The proceedings are being fastracked in the light of allegations that attempts were being made to save the accused by delaying the charge-sheet and also in the light of the suicide of the complainant farmer.

Meantime the Human Rights Commission registered a case suo motu.

Farmer suicide

Rajendran Nair was found dead in his field allegedly after consuming poison on Tuesday. As per bank records, Nair took a loan of Rs 25 lakh by pledging his land. However, he had claimed that he had only taken Rs 80,000 from the bank.

Meanwhile, T S Kurian, a former vice president of the bank's governing body alleged that Rs 25 lakh was taken as a loan in Rajendran's name using his forged signature. He claimed the former president and his assistant committed the fraud. Kurian told Manorama News that the duo had stolen crores of rupees in this manner.

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