kozhikode-corporation

KOZHIKODE: The Central Bureau of Investigation (CBI) has taken up the probe into the incident where money was swindled from the bank accounts of the Kozhikode Corporation. The Corporation found out that the money was lost during an audit. Following this, it lodged complaints with the police and the bank. M P Rijil, former manager of the Punjab National Bank, swindled Rs 13 crore from the accounts of the Corporation.

In July, the High Court had ordered a CBI probe into the case. MP Rijil was a senior manager at Punjab National Bank. Rijil, who is also an accused in the Punjab National Bank fraud case, swindled money from the 8 bank accounts of the Kozhikode Corporation.