ED raids scam-tainted Pulpally co-op bank, houses of accused

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KK Abraham-Pulpally Co-operative Bank

Wayanad: The Enforcement Directorate (ED) has initiated an investigation into the alleged scam that happened in Pulpally Co-operative Bank here. By Friday afternoon, the ED conducted a raid at the bank.

The move comes in the wake of the case in which former KPCC General Secretary KK Abraham is the prime accused. The alleged illicit activities worth amount Rs 8 crore happened during his tenure as bank president.

ED also conducted raids at the houses of Abraham, loan section chief Sajeevan and another woman, who acted as a middleman for the illicit activities.

The alleged fraud came to the limelight after the suicide of Rajendran Nair (60), the complainant in the case. Several lapses have been identified in the bank’s governing body, which is led by UDF members. Abraham and several others were taken into custody for questioning.

All the benami and illegal loan transactions done by the board members have come under the scanner.

Meanwhile, Abraham resigned from the KPCC General Secretary post.

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