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At the same time, investors who have a fixed deposit above Rs 5 lakh can withdraw 10 per cent of the amount from December 11.
In an interim order dated November 24, the high court clarified that this decision is subject to further orders from the court and scheduled the matter for further consideration on December 1.
The investigation pertains to a case against Pranav Jewellers, of which the actor is the brand ambassador.
Opposing the bail petition, the ED brought to the court’s attention the high-level connections of Satheesh Kumar, who is currently in judicial custody.
Demanding urgent intervention from the state government, the Brahmagiri Victims’ Action Council will take out a protest march to the headquarters of BDS on Tuesday morning.
The businessman, who is accused of spreading Chinese propaganda in India, is stated to be currently based in Shanghai, China.
The fraud came to light when a farmer in Pulpally, Rajendran Nair (60), committed suicide on May 30 after the bank authorities ‘repeatedly neglected’ his complaints regarding the fraud.
The Directorate of Enforcement (ED), investigating the Karuvannur bank scam, has approached the special court with a request to allow it to furnish electronic copies of the voluminous charge sheet to the 55 accused and not to insist on printed copies.
The multi-crore loan scam at the bank in Wayanad came to light in May after a farmer committed suicide.
The ED checked the bank documents including several loan transactions.