Karuvannur bank | Photo: Mathrubhumi
Thrissur: Efforts are underway to recover Rs 125.84 crore from 25 individuals, including former board members, involved in the multi-crore fraud at Karuvannur Cooperative Bank. The District Collector has taken the lead in initiating the necessary measures based on the report provided by the Co-operative Joint Registrar.
This marks the largest recovery of funds in the history of cooperative ventures in Kerala. The targeted amount will be collected from 20 former directors, ex-secretary, ex-manager, and ex-accountant and others. Revenue officers have been appointed to oversee and facilitate the recovery process.
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Name of Defendant and amount to be levied (in rupees)
Members of the Board of Directors:
KK Divakaran (Ex-President): 8,33,17,650
TR Paulose: 2,21,84,158
Khader Hussain: 2,21,84,158 T.S.
TS Baiju: 8,33,17,650
MB Dinesh: 8,33,17,650
TR Bharathan: 8,33,17,650
Mahesh Korambil: 2,21,84,158
VK Lalithan: 8,33,17,650
EC Anto: 2,21,84,158
KV Sugathan: 8,33,17,650
Anita Vidyasagar: 2,21,84,158
Chandrika Gopalakrishnan: 2,21,84,158
Shalini: 31,00,568
N Narayanan: 6,11,33,491
AM Aslam: 6,11,33,491
Jose Chakrampulli: 6,11,33,491
AM Jijoraj: 6,11,33,491
Ambili Mahesh: 6,11,33,491
Sumathi Gopalakrishnan: 6,11,33,491
Mini Nandanan: 6,11,33,491
Others:
TR Sunil Kumar: (Ex-Secretary) 9,18,50,835
MK Biju (Ex-Manager): 9,91,96,574
CK Jills: (Ex Accountant): 16,11,645
AK Bijoy (Ex-Commission Agent): 16,77,055
KM Mohanan (Fertilizer Depot Operator): 4,449.
Since TR Bharatan and Sumathi Gopalakrishnan are dead, their heirs will be joined as parties and the money will be collected.
Around 11,000 individuals are affected in the multi-crore scam in which the bank board members, staff allegedly swindled money invested by the general public. The first case was registered on July 17, 2021 by Irinjalakuda police. It was later handed over to the Crime Branch, which has concluded its probe. Enforcement Directorate is also investigating the case. The state government announced a consortium for relief. It also assured that no one will lose a single penny.
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