Loan scam: Karuvannur bank administrator removed from post
The Hindu
Registrar of Cooperatives gives charge to a three-member administrative panel
The Registrar of Cooperatives on Friday removed the administrator of the Karuvannur Service Co-operative Bank M.C. Ajith from the post. A three-member administrative panel, comprising senior assistant registrar T.K. Raveendran; and senior inspectors A.M. Vinod and K.K. Pramod, has been was given charge of the bank. The Registrar of Co-operatives had disbanded the board of directors of the bank, led by K.K. Divakaran as president, following a loan scam amounting to more than ₹100 cr. Later Mr. Ajith, Assistant Registrar, Mukundapuram, was appointed as administrator of the bank.
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