Kerala Pradesh Congress Committee (KPCC) general secretary K.K. Abraham, the prime accused in the loan fraud case at the Pulpally Service Cooperative Bank, resigned from his post on Friday.
On Wednesday, Mr. Abraham, former president of the bank, was arrested and remanded in custody for 14 days in connection with the death of Rajendran Nair, 55, a complainant in the bank loan fraud case.
He was charged under Sections 42 (cheating), 406 (criminal breach of trust) and 34 (an illegal act done by several persons in furtherance of the common intention) of the Indian Penal Code. K.T. Rama Devi, former secretary of the bank, was also arrested.
