Another co-operative bank scam in Kerala: Massive fraud uncovered in Congress-ruled Thiruvilwamala Service Co-operative Bank
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Home News Kerala

Another co-operative bank scam in Kerala: Massive fraud uncovered in Congress-ruled Thiruvilwamala Service Co-operative Bank

by Janam Web Desk
Feb 4, 2024, 10:35 am IST
in Kerala

Thrissur: A massive financial scandal has surfaced at the Thiruvilwamala Service Co-operative Bank, managed by the Congress-led governing body. The bank secretary, Vinod Kumar, has filed a complaint with the Pazhayannur police, alleging that the head clerk, Suneesh, a resident of Chakkachankad, has orchestrated a fraud amounting to more than two crore rupees.

The fraudulent activities came to light when depositors visited the bank to withdraw their money. According to the complaint, Suneesh exploited his position by repeatedly withdrawing funds from the accounts of his relatives and neighbours by forging signatures and documents.

According to the complaint, more than 15 individuals fell victim to the fraud. The governing body of the bank held an emergency meeting on Saturday and suspended Suneesh. Vinod Kumar stated that legal action will be pursued against the accused, and he plans to approach the court for further intervention.

Tags: FEATUREDthrissurThiruvilwamala Service Co-operative BankCo-operative bank scam
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