Thrissur: An order was issued to recover Rs.125 crore from 25 former member directors who were involved in the scam. Based on the report of the Joint Registrar of Co-operatives, the Thrissur district collector issued a notice to recover money from the former member directors involved in the scam.
The amount will be recovered from 20 former directors and five people, including a former secretary, former manager and former accountant. A notice will be issued to the concerned persons regarding this. As two persons in the list are no more, it is reported that their heirs will be charged as parties. Assets acquired from the bank between 2011 and 2021 will be confiscated.
More than rupees 300 crore in scams have been reported. Of that, rupees 125 crore will be recovered. The entire operation is being conducted under the instruction of the collector, who has directed taluk tahsildars, village officers, and other concerned officials to take immediate action to confiscate assets related to these fraudulent activities.
Comments