karuvannur-bank

THRISSUR: The high court stayed the attachment proceedings for two months after the accused in the Karuvannur bank fraud case filed an appeal with the secretary of the cooperative department. Former secretary TR Sunilkumar and managing committee member Jose Chakrampulli were given a stay earlier. The rest appealed now. Further action will be taken after hearing what the accused have to say. Meanwhile, the Revenue Recovery Department confiscated household appliances from the houses of the accused former manager Biju Karim and former commission agent Bijoy. Biju Karim's house could not be evacuated due to the presence of his parents. The entire confiscation process was stayed while the RDO was about to hold a hearing on the notice to move them.


Hearing to happen soon

The defendants have a fixed time limit to appeal to the government against the order passed by the joint registrar for confiscation. It is informed that the hiring will be done after checking whether this criterion is met. 125.84 crores was seized from 25 people, including former board members, on the basis of the report of the Cooperative Department Joint Registrar. Two of the accused died. As ex-store employee KM Mohanan was dropped from the charge sheet after paying Rs 4,449, the attachment process is against 22 people. The dependents of the deceased will be joined as a party by the cooperative department.