Alleged malpractices: Ayyanthole co-op bank stares at Rs 100 cr burden, says Anil Akkara
Thrissur: Former MLA and Congress leader Anil Akkara on Saturday alleged that Ayyanthole co-operative bank in the district stares at Rs 100 crore burden due to malpractices. According to Akkara, many individuals have fallen victim to the scam that happpened at the bank.
He cited the plight of a retired teacher’s family in Chitilappilly village, which faces eviction notice over the alleged act of perpetrators linked to the scam. The loan-related fraud has forced the family to either pay Rs 150 crore or face eviction, he said.
അയ്യന്തോൾ ബാങ്ക് കേന്ദ്രീകരിച്ചു നമ്മൾ വിചാരിക്കുന്നതിനേക്കാൾ വലിയ തട്ടിപ്പാണ് നടന്നിരിക്കുന്നത് നിരവധി ആളുകൾ ഈ...
Posted by Anil Akkara on Friday, September 22, 2023
Akkara alleged that the gang took loans on behalf of the three members of the family with an address that does not exist. “This has been done with the knowledge of bank administrative bodies and cooperative sector swindling mafia. Hundreds of loans have been issued in the name of the address of Ayyanthole Pinnacle Flat. However, the property pledged is out of the jurisdiction of the bank. If the numbers are true, then Ayyanthole co-operative bank in the district stares at Rs 100 cr burden, ” he noted in his Facebook post.
Akkara had accused AC Moideen and gang of swindling Rs 29 crores, out of the total Rs 300 crores scam at Karuvannur bank. Earlier this week, the Enforcement Directorate (ED) conducted raids at various Kerala State Co-operative Banks in Thrissur and Ernakulam districts. The move from the ED officials came in the wake of the investigation into the scam-hit Karuvannur Cooperative Bank. Satheesh Kumar alias Velappaya Satheesan, who is linked to former minister A.C. Moideen, is accused of laundering Rs 1.5 crore through Ayyanthole Service Co-operative Bank. AC Moideen was summoned by the ED for interrogation in connection with the Karuvannur Cooperative Bank fraud case. The move came after raids at his residence. His bank deposits worth Rs 28 lakh were frozen. It is alleged that Moideen made the benami investments using money swindled from the bank. The new development comes at this juncture.