THRISSUR: In the Karuvannur bank fraud case, revenue recovery officials are gearing up to tackle the accused who are escaping during the foreclosure process, with the help of police. The accused are using tactics including leaving the house after locking it. Ex-manager Biju Karim, who cheated more than 12 crores, is trying to escape the procedure by not letting his parents move out.

Property cannot be transferred to the name of dependents or relatives. It is reported that many of the accused have transferred properties to the names of their family members and relatives to keep the misappropriated property. A transfer during the fraudulent period is not valid and hence foreclosure of that property cannot be avoided. As part of the foreclosure proceedings, a land mahazar will be prepared in the name of each defendant and a foreclosure and auction notice will be issued. Three months will be allowed to repay the scammed amount. Failure to pay by then will result in forfeiture. The Deputy Collector of Revenue Recovery directed the village officer to prepare the mahazar of the land in the name of former manager Biju Karim, who had defrauded more than 12 crores.

Information sought from RTO

The revenue officials sought information from the RTO after learning that Biju Karim had two vehicles including a Fortuner. If it is confirmed that these belong to him, they will be confiscated. After learning about the confiscation, the accused, including Biju, had shifted all the valuables in the house. Only a few things like table and settee in Biju Karim's house could be confiscated. Meanwhile, it is reported that he did not try to get a stay order. Former board member Jose Chakrampulli has earned a stay order. As the house was locked, the foreclosure officers could not take action. They came to know about the stay order later.