THRISSUR: After Karuvannur, the Enforcement Directorate (ED) has conducted a probe into the irregularities in the Thumboor Service Cooperative Bank. The investigating team discovered that, with the knowledge of the bank's governing council, irregularities of three and a half crores had been committed by providing forged documents as collateral. A private media has released documents related to this.
The former governing council members of the bank are likely to be questioned soon. According to reports, the irregularities took place while local Congress leader and former bank president Johny Kachappilly headed the governing council. The Cooperation Department had carried out an investigation after receiving a complaint from a person by the name of Anwar and had discovered irregularities in the bank.