Karuvannur Cooperative Bank Fraud: Chargesheet listing crime and CPM connection; statements and documents to implicate leaders

KOCHI: The chargesheet was filed by investigating officer Nirmal Kumar Mosha in the special court in Kaloor, Kochi, which deals with the Prevention of Money Laundering Act (PMLA). The chargesheet, which runs to thousands of pages, and the supporting documents were submitted in sealed boxes. The court will decide whether to accept it or suggest corrections or additions.

68th accused: CPM

(District Secretary to appear in court)

Interfered in administrative matters and management. The party had two sub-committees controlled by the district committee in connection with the bank. The accused conspired to cheat the bank by giving illegal loans to the accused. The accused received a share of the money that was scammed. The money received was kept in possession for future use by misleading the workers that it was untainted. Later, it was used to purchase land.

70: K. Radhakrishnan MP

K. Radhakrishnan helped the accused to take illegal loans when he was the Thrissur District Secretary from 2016 to 2018. The loan proceeds were accepted as party funds. The land for the construction of the party building in Porathissery was purchased during his tenure as secretary. The loan fraud money was used to purchase the land.

69: M.M. Varghese

The illegal loans were granted with the knowledge of Varghese, who was the party district secretary from 2018 to 2025. A portion of the loan was received for the party fund. Statements were received that the secretary had instructed that a certain portion should be received for the party fund. Using this, land was purchased in Varghese's name for the Porathissery office. The party's bank accounts submitted by Varghese contain accounts of the amount received from the borrowers. A large amount was received from the Irinjalakuda Area Committee for the district committee. There is evidence against Varghese under the Prevention of Black Money Act for making transactions.

67: A.C. Moideen

He was the district secretary from 2011 to 2016. He knew that the bank was granting loans illegally. Moideen influenced the bank officials to grant loans illegally to Roshan Narayanan and Varghese M.S., who committed the fraud. Varghese received two crore rupees. CPM leader A.C. Chandran helped Varghese get the loan on Moideen's instructions. He received a share for the party fund and connived in the loan fraud. Statements were obtained from bank officials and others in this regard. He committed a punishable offence under Section 3 of the Prevention of Black Money Act.

64: Madhu Ambalappuram

A councillor of Wadakkanchery Municipality. He helped the fourteenth accused Sathishkumar in the fraud. Madhu and P Aravindakshan also helped the ninth accused Kiran to get a loan of Rs. 1.5 crore. He received the share of the loan amount through the bank account.

73: K.C. Premarajan

Secretary of Iringalakuda area committee. He took the share from those who got bank loans and handed it over to the district committee.

71: A.R. Peethambaran

Secretary of Porathissery North local committee. He interfered in sanctioning bank loans. He took the share of the loan to buy land for the party.

72: M.B. Raju

Secretary of Porathissery South local committee. He interfered in bank operations. He took the share of the loan scam to the party fund.