Coop. bank scam: ED registers case
The Hindu
Case registered under Prevention of Money Laundering Act against 6
The Enforcement Directorate (ED) has registered a case in connection with the Karuvannur Service Cooperative Bank multi-crore loan scam. The case has been registered under the provisions of the Prevention of Money Laundering Act against the six accused mentioned in the first information report filed by the State police. They include T.R. Sunil Kumar, former bank secretary; Biju Karim, former manager; Jilse C.K., former accountant; and others including Reji Anilkumar, Kiran, and Bejoy A.K. The preliminary investigation by the Central agency revealed fraud to the tune of nearly ₹200 crore through fake bank accounts and benami deals. It was also found that black money from abroad was routed through the bank.More Related News