Kalpatta: In the Pulpally Cooperative Bank fraud case, the properties of KK Abraham, former president of the bank and former general secretary of KPCC, have been confiscated. The Enforcement Directorate confiscated property worth Rs 4.34 crore, including those of KK Abraham, middleman Sajevan Kollapally and former executives of the bank.
The ED had arrested Abraham, the first accused in the case, the other day. The case is that there has been a fraud of Rs 8.64 crore in the loan transaction in the UDF-controlled bank. The protest became widespread after the defrauded farmer Rajendran Nair committed suicide in Kelakavala. Following this, Bank President KK Abraham and Secretary KT. Ramadevi was also arrested by the police.
ED was arrested while he was on bail in this case. The arrested middleman Kollapally Sajevan is still in remand. There is also a case against 10 people in the Thalassery Vigilance Court. KK Abraham resigned from the post of General Secretary of KPCC after he was arrested by the police.
2023-11-13 15:00:28
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