Kozhikode: More frauds are suspected in the Punjab National Bank, where Rs 10 crore was diverted from the account of the Kozhikode Corporation. The bank is also checking whether money has been lost from the accounts of other customers. MP Rijil, the manager who stole the money, is still absconding.
A fraud of more than ten crore rupees was done from Kozhikode Corporation account in Punjab National Bank alone. Of this, Rs 2 crore 53 lakh was found to have been diverted by the manager of the Kozhikode Link Road branch of the Punjab National Bank. The initial conclusion is that Rijil is behind the theft of Rs 8 crore from the Kozhikode Corporation’s Kudumbashree account. It is only after a detailed examination of the other accounts of the corporation that more money is lost can be ascertained.
Preliminary investigations are also underway to see if irregularities have been committed in the accounts of other large clients. It was found that Rs 2 crore 53 lakh stolen from Rij was transferred to the accounts of relatives. It will also investigate whether other employees were behind the fraud that has been going on for years. LDF councilors will march today to the branch of Punjab National Bank where the corporation’s money was diverted. The opposition demands that the corporation secretary should be removed and a comprehensive inquiry should be conducted into the irregularities.