KOCHI: The Enforcement Directorate submitted the first charge-sheet in the Karuvannur bank fraud case at the PMLA court in Kaloor. ED brought the charge sheet in six boxes. The charge sheet has about 13,000 pages. There are 55 accused in the case. It has been found that Bijoy, who was the agent, has taken more money and is named as the first accused in the charge sheet. Bijoy's firms have also been included in the charge sheet.

The first phase of the chargesheet included the names of Satheesh, Jills, Kiran, CPM's councilor Aravindakshan and others arrested by the ED. Along with this, those who were on the board of directors of the bank and those who were arrested by Crime Branch earlier in connection with the case are also on the charge sheet. ED has arrested only four accused persons as part of the investigation. The ED investigation is being conducted on the basis of a case registered with the Kerala Police related to bank fraud. Rs 87.75 crore worth of property has been confiscated by ED so far in connection with the case.

Meanwhile, the administrative committee informed that depositors will be refunded from Karuvannur Cooperative Bank from today. Overdue deposits above Rs 50,000 up to Rs 1 lakh can be withdrawn from today. From November 11, fixed deposits of up to Rs 50,000 can also be withdrawn. The committee also informed that savings depositors can withdraw up to fifty thousand from all branches of the bank from November 20.