The Cooperative Department that is probing the suspected loan fraud at Mylapra Service Cooperative Bank in Pathanamthitta has attached properties owned by the accused, including that of the former bank president and secretary.
Confirming the development, officials said as many as 10 properties worth ₹18.88 crore had been conditionally attached. These properties also included those owned by former bank president Jerry Oommen Easo and his family as well as former bank secretary Joshua Mathew and family.
“The conditional attachment of these properties, most of which lie outside the operational area of the bank, makes these assets untransferable. In due course, we may initiate action to auction off these properties,” said M.P. Hiran, District Joint Registrar, Pathanamthitta.
