Ernakulam: A complaint of fraud involving crores of rupees has emerged against the Angamali Co-operative Urban Bank, accusing the bank’s management committee and officials of committing a scam under the guise of fake loans. The Department of Cooperation has initiated an investigation in response to the complaints raised by depositors and those falsely implicated in the alleged fraudulent loan scheme.
Praveen, a resident of Peechanikad who is paralysed from the waist down due to an accident 20 years ago, received a notice from the Angamali Co-operative Urban Bank demanding the immediate repayment of a loan amounting to Rs 25 lakh. Praveen claims to have never visited the bank. Subsequently, other members of Praveen’s family also received notices, collectively totaling a loan amount of Rs 1 crore.
More than 400 individuals, including Praveen, are reportedly receiving notices from the bank demanding repayment for loans they never applied for. The majority of these individuals claimed that they had never visited the bank or engaged in any loan transactions. The victims claim that the fraud was executed through the manipulation of signatures and documents by the Congress management committee and officials. These malpractices have caused severe financial distress for the affected individuals, which triggered protests in front of the bank.
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