Nedukandam: The Vigilance and Anti-Corruption Bureau (VACB) has registered a case in relation to alleged irregularities at the Congress-led Idukki District Dealers Co-Operative Society in Nedumkandam. The police have registered the case against former DCC President Ibrahimkutty Kallar and 12 others.
Between 2021-2022, the accused allegedly embezzled Rs 4.5 crores from the bank using forged documents. Besides Ibrahimkutty, Bank President Tomy Joseph and DCC General Secretary Shaji P are other key accused in the case.
Earlier, some alleged irregularities worth Rs 36 crores were reported at the bank. Presently, the Crime Branch of Kerala Police registered a case based on the allegations.
People have placed deposits ranging from meagre sums up to Rs 25 lakh in society. In October, depositors complained that the bank had refused to repay their funds.
Published: 01 Nov 2023, 02:29 pm IST
Subscribe to our Newsletter
Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.
