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Kerala Kaumudi Online
Thursday, 28 March 2024 4.26 PM IST

Suicide of farmer due to loan fraud, bank’s former president in custody

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KALPETTA: A former bank president has been taken into custody in connection with the suicide of a farmer due to a loan fraud in Pulpally Service Cooperative Bank. K K Abraham of Pulpally and KPCC general secretary was taken into custody from his house early morning.

Rema Devi, former secretary of the bank was also taken into custody. Police said the two were taken into custody for interrogation. Abraham has been admitted in Bathery Taluk Hospital following uneasiness.

Rajendran Nair (60) of Kizhakke Ilayidathu at Chempakamoola under the Pulpally police station limits, subjected to a bank fraud, ended his life the other day. As per records at the Pulpally Service Cooperative Bank, the farmer, who had taken a loan of Rs 25 lakh by mortgaging his land, presently has arrears of Rs 40 lakh including interest. His family said that he had taken a loan of only Rs 73,000 from the bank. They also alleged that a benami team had swindled of the rest of the money.


The loan was taken from the Pulpally Service Cooperative Bank in 2017. He had lodged a complaint to the authorities stating that some from the governing council had swindled of the rest of the money. The audit department found a loan irregularity of Rs 8.5 crore during the tenure of Abraham as the president. The case is now under the consideration of the Kerala High Court.

Meantime, T S Kurien, the former vice president of the governing body, alleged that Rs 25 lakh was taken in the name of Rajendran Nair with his forged signature. Kurien told a media that the fraud was committed by the then president of the governing body and his assistant.

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TAGS: SUICIDE, FARMER, LOAN, FRAUD, BANK, FORMER PRESIDENT, CUSTODY
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