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 · Apr 4, 2024

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 · Nov 24, 2023

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 · Nov 23, 2023

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 · Oct 17, 2023

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 · Oct 3, 2023

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 · Oct 1, 2023

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 · Sep 30, 2023

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 · Sep 24, 2023

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 · Sep 10, 2023

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 · Aug 31, 2023