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The Latest Breaking News from Karuvannur Service Cooperative Bank

Karuvannur bank scam: CPI(M) leader and former MP P.K. Biju appears before ED

P.K. Biju, former CPI(M) MP from Alathur, appeared before ED probing the Karuvannur Service Cooperative Bank money-laundering case

The Hindu

Karuvannur bank case: CPI(M) Thrissur district secretary appears before ED

M.M. Varghese, CPI(M) district secretary, summoned by ED in connection with Karuvannur Service Cooperative Bank loan scam. ED had earlier arrested K.P. Aravindakshan, P. Satheeshkumar and others in the case. Special Court allowed ED to provide soft copies of case documents to accused. Case booked under Prevention of Money Laundering…

The Hindu

Court directs ED to provide soft copies of Karuvannur bank case documents to accused

Special Court allows ED to provide soft copies of Karuvannur Service Cooperative Bank loan scam case documents to accused. Court directs pen drives to be of good quality, sealed in tamper-proof envelope and accompanied by digital signature. ED requests CPI(M) Thrissur district secretary to appear for interrogation.

The Hindu

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ED opposes bail plea of accused in Karuvannur case

ED reveals P. Satheesh Kumar, accused in Karuvannur Service Cooperative Bank fraud case, was benami of prominent political leaders and police officers. Defence lawyers contend ED has no evidence against political leaders, court to consider case Nov 27.

The Hindu

CPI expels former Kandala bank president Bhasurangan as ED detains him for questioning on money-laundering charges

CPI expels former Kandala Service Cooperative Bank president N. Bhasurangan after ED detains him for questioning on fraud-related money laundering charges. CPI demoted him earlier due to audit findings of ₹101 crore assets depreciation. CPI's action in stark contrast to CPI(M) protecting its members in similar Karuvannur Service Cooperative Bank…

The Hindu

Solo walk in protest against curbs in withdrawing money from Karuvannur bank

Joshy Karuvannur, a building contractor, staged a solo walk from Karuvannur to Thrissur to protest against restrictions on withdrawing his ₹90 lakh deposit from Karuvannur Service Cooperative Bank. He also protested against the bank officials' rude behaviour. Joshy, who is suffering from various diseases, had to take loans for medical…

The Hindu

Karuvannur Service Co-operative Bank scam | Depositors in dire straits

The multi-crore loan scam at Karuvannur Service Cooperative Bank in Kerala’s Thrissur district may have a ripple effect on other institutions working with community-owned and controlled assets, finds Mini Muringatheri

The Hindu

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Congress seeks to isolate and target CPI(M) in cooperative bank corruption cases

KPCC seeks to isolate CPI(M) over Karuvannur Service Cooperative Bank scam, galvanising angry depositors. Congress to put CPI(M)'s "shenanigans" in ruling party-run cooperative banks to public trial in 140 constituencies. Allegations include misuse of low-interest credit institutions, disbursal of unsecured loans, rigging auctions, tinkering with interest rates, overvaluing assets, nepotism.…

The Hindu

Karuvannur rally not politically motivated: Suresh Gopi

He refutes CPI(M)’s argument that the rally was planned by the BJP to launch Mr. Gopi in Thrissur as candidate for the coming Lok Sabha election

The Hindu

As polls approach, coop. bank scam may impact parties’ fortunes

The Enforcement Directorate (ED) investigation into the money laundering aspect of the Karuvannur Service Cooperative Bank scam will have a bearing on the Communist Party of India (Marxist) [CPI(M)], the Congress, and the Bharatiya Janata Party (BJP), especially in the Thrissur parliamentary constituency, and perhaps wider, as the Lok Sabha…

The Hindu

Karuvannur bank scam: CPI(M) steps up troubleshooting measures

The CPI(M) leadership on Friday stepped up its troubleshooting efforts to contain the fallout of the Karuvannur Service Cooperative Bank scam.

The Hindu

CPI(M) has destroyed public trust in cooperative movement in Kerala, says Satheesan

Opposition Leader Satheesan accuses CPI(M) of shielding ₹500 crore loan scamsters at Karuvannur Service Cooperative Bank. Speaker Shamseer calls it a "blot" on cooperative sector. UDF to intensify agitation, demands govt. compensation for victims.

The Hindu

Biju refutes Akkara’s allegations in Karuvannur bank case, seeks evidence

P.K. Biju, former CPI(M) MP, refuted allegations of involvement in Karuvannur Service Cooperative Bank scam by Anil Akkara, former Congress MLA. Biju challenged Akkara to produce evidence and said allegations were politically motivated. He denied Akkara's claim of being part of CPI(M) panel that inquired into the scam.

The Hindu

Moideen asked to appear before ED on Monday

ED issues fresh notice to former Minister A.C Moideen to appear at its Kochi office for interrogation in connection with the Karuvannur Cooperative Bank scam. ED had earlier sought his presence on Aug 31 & had raided his house & frozen his bank accounts & FDs. Investigation agency had questioned…

The Hindu

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The Hindu

A.C. Moideen fails to turn up before ED

Former Minister A.C. Moideen chose not to appear before ED for questioning in connection with alleged loan scam at Karuvannur Service Cooperative Bank. He sought more time citing inconvenience and other engagements. ED issued notice to Moideen and froze two bank accounts with ₹30 lakh. ED questioned key accused Biju…

The Hindu

ED to question Moideen, 3 others in Karuvannur bank loan scam

ED to question former Minister A.C. Moideen in connection with ₹150 cr Karuvannur Service Cooperative Bank loan scam. Notice issued to Moideen, 3 alleged benamis to appear before ED on Aug 31. 22-hr raid conducted at Moideen's residence. Bank deposits & fixed deposits of Moideen & wife frozen to tune…

The Hindu

ED freezes Moideen’s bank accounts

The Enforcement Directorate (ED) that raided the residence and office of former Minister and Communist Party of India (Marxist) MLA A.C. Moideen in connection with the multi-crore loan scam at Karuvannur Service Cooperative Bank took steps to freeze his two bank accounts on Wednesday. It is reported that these accounts have…

The Hindu

Moideen, benamis siphoned off ₹29 cr. in Karuvannur bank scam, alleges Anil Akkara

Levelling serious allegations against former Minister and Communist Party of India (Marxist) MLA A.C. Moideen, Congress leader and former MLA Anil Akkara on Wednesday alleged that Mr. Moideen and his benamis had swindled off ₹29 crore in the multi-crore Karuvannur Service Cooperative Bank loan scam.

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