Specific Information Service
THIRUVANANTHAPURAM: High officers of the cooperation division have been totally conscious of the large-scale monetary fraud dedicated by staff and administrators of Karuvannur Service Cooperative Financial institution (No. 112) close to Irinjalakuda in Thrissur a minimum of since October final yr. The silence of the cooperation division for over 9 months regardless of having strong proof to behave towards the financial institution raises questions in regards to the involvement of senior officers and political leaders within the rip-off.
On Monday, the Irinjalakuda police registered an FIR within the mortgage fraud primarily based on an preliminary estimate of `100 crore siphoned off by a nexus of staff of the financial institution by forging paperwork and handed over the probe to the Crime Department. The financial institution was dominated by a 13-member director board led by CPM native chief Ok Ok Divakaran.On August 31, 2019, the joint registrar of cooperation (Thrissur) ordered a department-level probe into the functioning of the Karuvannur Service Cooperative Financial institution after receiving just a few complaints alleging monetary mismanagement and mortgage fraud.
A 3-member crew, comprising Irinjalakuda assistant registrar Omana Ok L and inspectors Resmi P C and Preetha V V, carried out an in depth inquiry and submitted a complete report back to the joint registrar on October 10, 2020. The report was quickly forwarded to the registrar of cooperative societies because the findings have been of very severe nature. Nonetheless, there had been no motion from the division until this week.
The report of the probe panel led by Omana beneficial additional probe by the Vigilance and Anti-Corruption Bureau.
“The asset particulars of financial institution staff require detailed scrutiny. The onerous disk of the server of the financial institution wants forensic examination,” the committee beneficial. “Through the preliminary investigation, we discovered that severe monetary malpractices, theft, dishonest and forging of paperwork had been dedicated. Solely skilled officers and competent companies can unearth the irregularities utterly,” the report famous. Nonetheless, this report didn’t attain the VACB director.
On Wednesday, Cooperation Minister V N Vasavan stated all accused within the financial institution fraud case can be introduced earlier than legislation. Declaring that no person can be spared, the minister promised an neutral inquiry.
“We’re planning to usher in laws to examine such malpractices. A fool-proof audit system will even be put in place in order that any deviation from guidelines can be detected instantly,” Vasavan informed reporters in Kottayam. Former cooperation minister Kadakampally Surendran was unavailable for feedback.