PNB scam: Kozhikode Corporation likely to face delay in recouping lost deposits, accused on run

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PNB, accused Rigil | Photo: Screengrab, Mathrubhumi News

Kozhikode: The Kozhikode Corporation may face a delay in receiving its defrauded money from the Punjab National Bank as the conference of the bank’s director board has been postponed from Monday. The officials informed that the conference will be held on Wednesday in Delhi. Sources confirmed that the alleged scam in Kozhikode will be discussed as the major agenda in the meeting.

The bank has to return the remaining amount of Rs 10.7 crore to the Kozhikode corporation in lieu of the amount allegedly embezzled by a former senior manager of its branch at Link Road in Kozhikode. Bank officials informed the corporation that they are attempting at the circle level to settle the amount before Wednesday. The corporation has demanded to return the amount along with the interests.

Kozhikode corporation has lodged complaints in the portals of the Reserve Bank of India and the Prime Minister of India. Though the corporation has decided to commence legal proceedings against the bank, the priority will be given to recovering the money swindled from its bank accounts. The corporation has sought the aid of experts to carry out detailed inspections regarding the scam.

Meanwhile, the accused and former senior manager MP Rigil is still on the run. It has been found that he had withdrawn Rs 5 lakh from his bank account before the authority took action to freeze his account. A lookout notice has been issued to the airports to avoid the chances of him leaving the country. According to police, he could not able to flee outside Kerala. A sessions court has already scrapped his anticipatory bail plea in the case.

The corporation had lost Rs 12.68 crore from its several accounts in the Punjab National Bank in a fraud worth Rs 21.29 crore. The accused Rigil had transferred this amount to his account, said police.

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