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 stating that there was a black money transaction of Rs 90 crore.has over 12,000 pages. There are 50 and five firms as 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.

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.

All the 19 people arrested in the crime branch investigation are also accused in the ED case. The list includes those who were members of the bank's board of directors and employees of the bank from 2011 to 2021. The chargeshee was handed over to the court by ED Assistant Director SG Kavitkar.

Tomorrow is the 60th day since the arrest of P Satheesh Kumar and PP Kiran in the case. Since the charge sheet was filed before that, the four arrested including them will be granted bail. ED sources said that the number of accused in the final charge sheet is likely to increase and the positions may change after a detailed investigation.

Over 12,000 pages

It is more than 12,000 pages containing the names of the accused, the crimes committed by them, their evidence, supporting documents, evidence of financial transactions and other details.

The case was referred to a special court under the Prevention of Money Laundering Act (PMLA). Details of confiscation of around 100 properties and bank deposits worth Rs 87.75 crore have also been submitted along with the chargesheet.