THRISSUR: The Enforcement Directorate (ED) has now registered a case on the massive fraud that surfaced last month at the local CPI-M controlled Thrissur Karavanoor Cooperative Bank. The ED officials found that black money and benami transactions worth Rs 200 crore took place under the guise of loan at bank.
The fraud that was detected according to State Cooperative Minister V.N. Vasavan, also a top CPI-M leader, is to the tune of over Rs 104.37 crore and the state government has already launched a Crime Branch probe into it and has arraigned six people as accused in their first information report that has already been filed.
However, so far even though six former officials attached to the bank have been arraigned as accused, the police are yet to nab them and have now issued a look out notice.
The ED also has charged the same six as the accused and has begun its probe into the utilisation of…