“A team of 9 members is investigating the irregularities worth Rs.104.24 crore at Karuvannur Cooperative Bank in Thrissur” said VN Vasavan, Minister for Cooperation and Registration, Kerala. He said this while replying to a query in the assembly on August 5, Thursday. VN Vasavan further said, “The panel has been asked to submit an interim report in 10 days, and a final report is expected in a month. All the accused have been suspended.”

Probe underway at Karuvannur Cooperative Bank

The Minister also added that steps are being taken to confiscate the properties of all the accused involved in the multi-crore scam. He assured that administrative committee of the bank was dissolved and the government will ensure stringent action against the accused. The accused, former manager Biju Kareem, former secretary Sunil Kumar, accountant CK Jill and commission agent Bejoy are being investigated via a crime branch probe. There are total 6 accused in this…

Read more…