In the ongoing investigation into the Pulppalli Primary Co-operative Bank fraud, another Congress leader has been arrested. VM Poulose, the Pulppalli mandalam president of the Indian National Congress and a former director of the bank, was taken into custody on Sunday.
This arrest marks the third arrest in connection with the fraud case, with the previous individuals being Congress state general secretary KK Abraham and former bank secretary KT Remadevi.
VM Poulose’s arrest is based on a complaint previously filed by Parambakkat Daniel, a resident of Kelakkavala. In addition, Poulose’s sister-in-law, Deepa Shaji, had also lodged a complaint against him, accusing him of embezzling Rs 20 lakh in her name without her knowledge. She alleged that Poulose had used her land documents as collateral at the bank. Regrettably, Shaji has since passed away.
The investigation conducted by the Cooperative Department has also substantiated Poulose’s involvement in the fraudulent activities. The scam was brought to light following the tragic suicide of a local farmer, Rajendran Nair, aged 60, in Pulppalli. Nair had been protesting against the bank authorities for their failure to take action on his complaints regarding the fraudulent activities taking place within the institution.
The arrest of VM Poulose highlights the authorities’ commitment to unraveling the truth behind the Pulppalli Primary Co-operative Bank fraud. As the investigation progresses, it is expected that further details will emerge regarding the extent of the fraud and the involvement of other individuals.
The Cooperative Department, along with law enforcement agencies, will continue to pursue the case diligently, ensuring that all those responsible for the fraudulent activities are held accountable. The arrest of prominent political figures demonstrates that no one is above the law, and justice will be served regardless of one’s affiliations.