The alleged cheating and forgery running into ₹55 crore in the Urban Cooperative Society, Angamaly, by sanctioning loans for which the Angamaly police registered a case on Tuesday is likely to be a long drawn out probe involving verification of voluminous documents dating back to 2002.
As per the first information report (FIR) registered by the Angamaly police, the alleged forgery and resultant cheating happened from July 7, 2002 until now. Loans were sanctioned on forged applications as well as applications submitted without requisite documents even in the name of non-members, the FIR said.
“We have launched an investigation, but unlike action in other crimes, this may take a lot more time since it involves verification of a lot of documents,” said Angamaly police sources.
