THRISSUR: Although 17 people have been arrested in the connection with the Rs 300 crore fraud in Karuvannur Cooperative Bank, only four persons are currently behind the bars. TR Sunil Kumar, who was a bank secretary for 21 years, former branch manager K.M. Biju Karim, former senior accountant CK Jills, commission agent AK Bijoy, middleman Kiran and accountant Raji Anil of the bank supermarket were among those arrested. However, only Sunilkumar, Biju Karim, Bijoy and Kiran are in jail now. All 11 members of the bank's governing body were released on bail.

The Crime Branch has not filed a charge sheet as it is a complicated case. 16 cooperative department employees were suspended for their complicity in the scam. However, they were taken back nine months later. The bank's governing council was dissolved and the administrator's rule was imposed. Later, the administrator was replaced by an administrative committee.

The shocking news of the Karuvannur bank scam came out on July 14, 2021. There was a delay in the arrest of 6 persons who were employees, middlemen and eleven persons who were members of the Left governing body. The crime branch dramatically arrested the accused when the protest intensified. The nine-member committee appointed to investigate the fraud had submitted a preliminary report to the government.