PNB, accused Rigil | Photo: Screengrab, Mathrubhumi News
Kozhikode: Crime Branch unit of Kerala Police arrested MP Rigil, a former banker, in a case for embezzling crores from various accounts of Punjab National Bank in Kozhikode. He was nabbed while hiding in a relative's house in Mukkam.
The Kozhikode Corporation had lost Rs 12.68 crore from several accounts in the Punjab National Bank in a fraud worth Rs 21.29 crore. The accused transferred the money to his personal account and used it for various purposes, including gambling.
The audit report of the bank revealed financial transactions in nine private accounts and eight accounts belonging to Kozhikode Corporation.
Earlier, the Magistrate court in Kozhikode dismissed his anticipatory bail plea. However, the police were unable to find his whereabouts.