Kochi Co-Operative Bank Fraud: Enforcement Directorate’s Affidavit Against P. Rajeev

2024-01-15 13:54:44

Kochi – In the Karuvannur Co-operative Bank fraud case, the Enforcement Directorate (ED) has made a crucial disclosure against Minister P. Rajeev in an affidavit submitted to the High Court that Rajeev was under pressure to grant illegal loans. says The statement was given by Sunil Kumar, former secretary of Karuvannur Bank.

It is said that Rajeev exerted pressure when he was the CPM Ernakulam district secretary. There are also references against CPM leaders AC Moiteen and Paloli Mohammadkutty. A petition was filed in the High Court stating that the person involved in the Karuvannur Cooperative Bank fraud case had frozen the bank account. In this petition, the High Court sought an explanation from the ED. In the affidavit submitted based on this, ED against P. Rajeev and others. made serious allegations.

There was great pressure to sanction illegal loans. The pressure came from CPM’s local leaders to district leaders. P. Rajeev’s name is in this group. ED said illegal loans were sanctioned as a result of pressure from P. Rajeev, A.C. Moiteen etc. says

Several secret accounts were created in Karuvannur in the name of various CPM area and local committees. Fraud was even done in the name of party building fund account, area conference souvenir account, party fund and election fund. The affidavit of ED also states that CPM deposited money through secret accounts.

English Summary:

Karuvannur Bank scam case: Enforcement Directorate’s Affidavit against P Rajeev