Former DYFI woman leader accused in a financial fraud case, surrenders to police

Kottayam: Krishnendu, the former women leader of DYFI, has surrendered to the police in connection with a financial fraud case involving Rs 42.72 lakh. She surrendered at the Thalayolaparambu police station following the rejection of Krishnendu’s anticipatory bail application by the High Court. Krishnendu’s husband, Ananthu Unni, a CPI(M) leader, is also implicated in the case.

Krishnendu, who served as the regional secretary of DYFI, and Devi Prajith, the gold loan officer of United Fin Gold, a financial institution in Thalayolaparambu, is alleged to have jointly committed the fraud. The institution is owned by PM Ragesh of Udayamperoor. The Thalayolaparambu police initiated an investigation based on Ragesh’s complaint against Krishnendu and Devi Prajith.

The allegations include withholding Rs 42.72 lakh received from 19 customers since last April. The funds, meant for the redemption of pawned jewels, were reportedly diverted to Krishnendu’s personal account and the bank accounts of her relatives. Additionally, there is a complaint that the institution’s CCTV camera was intentionally damaged to impede the detection of the fraudulent activities.