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Newslaundry
Newslaundry
National
Jisha Surya

Malankara Society’s rise and its deepening financial ties with Boby Chemmanur’s firms

Kerala businessman Boby Chemmanur’s financial muscle power is not just built through his gold jewellery business and a maze of Limited Liability Partnership (LLP) firms, as reported in the first part of this investigation. It is also tied to a series of acts through a cooperative society that he has significant links with. The Malankara Multi State Cooperative Credit Society (MMSCCS), popularly known as Malankara society, is one of the biggest multi-state cooperative societies in Kerala.  

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