CBI should probe Karuvannur Cooperative Bank fraud, VD Satheesan writes to CM

THIRUVANANTHAPURAM: Opposition Leader VD Satheesan has written to the Chief Minister asking him to recommend a CBI probe into the Karuvannur Co-operative Bank scam. In the letter, Satheesan also requested the CM to introduce an ordinance to rectify the anomalies in the C Deposit Guarantee Scheme.

Satheesan wrote to the CM in the context of allegations about the role of former minister and senior CPM leader AC Moideen in the scam. Meanwhile, the government is of the position that there is no need for a CBI investigation. The government had opposed the CBI probe when the High Court heard a petition filed by former bank employee AV Suresh demanding a CBI probe. The government informed the court that the crime branch investigation was progressing effectively.