Radhakrishnan was the Thrissur district secretary of the CPI-M when the fraud was happening in the Karuvannur Cooperative Bank.
Enforcement Directorate [IANS]
The Directorate of Enforcement(ED) had reportedly issued summons to senior CPI-M leader K Radhakrishnan MP, directing him to appear for interrogation in the Karuvannur Co-operative Bank scam.
Radhakrishnan was the Thrissur district secretary of the CPI-M when the fraud was happening in the Karuvannur Cooperative Bank. The ED had informed the high court the other day that a large-scale black money transaction is taking place centered on cooperative banks in the state.
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In addition to the Karuvannur Bank, an investigation is currently underway against 18 cooperative institutions, including Mavelikkara and Kandala Co-operative banks. There are incidents of multiple loans being taken in the name of the same land in many institutions; the Central agency informed the court
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The Managing Committee of the Karuvannur Cooperative Bank in Thrissur has allegedly committed massive financial irregularities and thereby siphoned huge amounts estimated to be around Rs 100 crore.
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