Accused in Kozhikode PNB fraud says he committed fraud all alone

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Accused MP Rigil

Kozhikode: According to the statement given by the accused to Crime Branch in the alleged PNB fraud, the malpractice was done on his own. Former manager of PNB Link Road Branch MP Rigil also claimed that he used the swindled money to invest in stock market and repay EMI of his personal loan.

The accused hiding in a relative's house in Mukkam was nabbed on Wednesday evening. Earlier, the Magistrate court in Kozhikode dismissed his anticipatory bail plea. He will be produced before the court on Thursday.

The Kerala Crime Branch on Wednesday arrested the prime accused bank manager for allegedly swindling over Rs 12 crore from several accounts of the Punjab National Bank branch here.

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The District Crime Branch has been probing the case in which over Rs 12 crore has been swindled from several accounts including that of the Kozhikode Corporation in a PNB here.

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