ED raids Karuvannur bank and residences of accused in scam case


1 min read
Read later
Print
Share

Karuvannur bank | Photo: Mathrubhumi

The Enforcement Directorate (ED) is conducting a raid at Karuvannur bank and the residences of the accused in the bank scam case that was unearthed in 2021.

A 75-member team has been entrusted to conduct the raid in the houses of the bank president, secretary and other accused.

Irinjalakuda police registered a case in connection with the scam on July 14, 2021 and the case was handed over to the Crime Branch on July 20. Allegedly, the scam took place with the knowledge of the board members and the misappropriation of funds was carried out by forging signatures and documents.

In the year 2015-16, the bank had a deposit of Rs 501 crores. In 2016-17, it came down to Rs 424 crores as Rs 77 crores were withdrawn. In 2017-18, it further came down to Rs 405 crores and to 340 crores next year.

Add Comment
Related Topics

Get daily updates from Mathrubhumi.com

Newsletter
Youtube
Telegram
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.

IN CASE YOU MISSED IT
jawahar kareem

1 min

Man abducts woman after threatening to pour acid on her body in EKM

Sep 21, 2023


Representational Image | Photo: Mathrubhumi

1 min

Man hacks friend to death following dispute over Thiruvonam bumper in Kollam 

Sep 21, 2023


Karuvannur bank

1 min

Karuvannur: Complainants report receiving death threats, prompting police to advise caution

Sep 21, 2023