Kattakkada: A case has been registered by Maranallur police on non-bailable charges against Bhasurangan and his son regarding an alleged murder attempt on the complainant Balakrishnan, who suffered financial losses in connection with the Kandala Service Cooperative Bank scam. The accusation is that CPI leader and former bank president, N. Bhasurangan, and his son attempted to murder the complainant, Balakrishnan. The complaint was officially reported to the Maranallur police.
The complaint stated that at around 2 pm on September 30, Bhasurangan and his son engaged in a heated verbal dispute with Balakrishnan near the bank. Following this confrontation, they drove their car in an attempt to hit Balakrishnan. Fortunately, Balakrishnan quickly evaded the vehicle, averting an accident. In response to this alleged attempted murder, members of the BJP blocked the road in protest.
As the Karuvannur bank scam continues to hit daily headlines, several other related scams are coming to light. Among them is the case reported from Kandala in Thiruvananthapuram. Significant irregularities have been uncovered in the CPI-controlled Kandala Service Cooperative Bank in the Thiruvananthapuram district. In light of these findings, the Cooperative Society Inspector has submitted a report, which recommends the recovery of Rs 5.11 crore from Bhasurangan, a CPI leader and former president of the bank. It is alleged that Bhasurangan and his relatives acquired loans worth Rs 35 crore from the bank.
The report is said to have found that a total of Rs 34.43 crore was disbursed irregularly. It was in the form of unfair loans to the former president, his family members, bank employees and their relatives. Investors are alleged to have incurred the losses totalling Rs 101 crore; Rs 57.24 crore is attributed to the unlawful activities alone.
According to the report, irregular disbursements amounting to a total of Rs 34.43 crore were identified. These funds were distributed in the form of unjust loans to Bhasurangan, his family members, bank employees, and their relatives. Investors are believed to have suffered losses totaling Rs 101 crore, with Rs 57.24 crore directly attributable to the unlawful activities alone.
Many investors have approached the court against Kandala Services Co-operative Bank in the case of extortion of investors’ money in benami name.
Comments