THRISSUR: Housewife accused of being cheated by P Satish Kumar, the main accused in the black money case related to the Karuvannur Co-operative Bank fraud. Sindhu, a resident of Manithara, Thrissur, complained that Satish Kumar cheated her of 11 lakhs, by taking a loan of 18 lakhs from Mundur Cooperative Bank. Sindhu said that at present it is a liability of 75 lakhs and that she has received a notice from the bank that her property will be attached on Wednesday.

The loan was taken from the Mundur branch of Co-operative Bank in 2017. It was to build rooms to be given on rent for the students of the medical college. However, due to covid crisis and illness, it could not be repaid. That's when Satish Kumar approached Sindhu through Vijayan. The promise was to avoid foreclosure by taking a loan. Following this, Satish Kumar paid 19 lakhs including loan interest to Mundur Cooperative Bank and took possession of the documents.

A loan of 35 lakhs was taken from the Peringandur branch. When she said that she could not repay such a huge sum, he promised to find a way for it. Sindhu said she believed it as she was in a financial crisis. Satish Kumar's method was to cheat by taking loans and giving money on interest. Transactions were done as a benami of prominent people in addition to this. It is alleged that there are around 150 frauds committed by taking loans.