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Thursday, Jul 10, 2025
An elderly couple lodged the complaint the other day in which they claimed the bank passed loans worth Rs 93 lakh without their knowledge, though they had availed a loan of only Rs 40 lakh.
This is the first time a CPM leader has been arrested in the Karuvannur bank fraud case.
He was speaking after inaugurating the head office building of Bedadka Farmers' Service Cooperative Bank at Kundamkuzhy.
The call recordings of the accused conspiring against the key witness were unearthed after the ED examined details of phone calls made by Satish Kumar in the last six months
Moideen appeared at the Kochi ED office without attending the Kerala assembly sessions in Thiruvananthapuram.
Sajeevan, who was arrested late on Tuesday, told police that Pulpalli village panchayat president S Dileep Kumar and former bank director Mani Pambanal were also involved in the scam.
So far three persons have been arrested in connection with the bank fraud.
The bank is in the eye of a controversy facing multiple investigations after a ‘fake loan scam’ rocked the district.
The stir was headed by Janakeeya Samara Samithi, an independent platform of the affected and the public
Two years ago, the scam came to light after several people who took loans received recovery notices for amounts greater than they had borrowed.
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