Kochi: Enforcemnet Direcotrate has arrested two persons in the Karuvannur bank fraud case. The ED has arrested Satish Kumar, who is known as the benami of A C Moiteen MLA, and the middleman P P Kiran. This is the ED’s first arrest in a bank fraud case.
ED arrested them after four days of interrogation. The arrest was made around ten o’clock at night. ED stated that more arrests will be made in the case.
In addition to the crime branch accused in the Karuvannur bank fraud case, two people have been arrested for the first time in 2 years. Satish Kumar is the benami of many political leaders, police and elite. According to the ED report, P P Kiran, who was arrested, stole Rs 14 crore from Karuvannur Bank under different names. So far, the accused in the case have been former secretary of the bank TR Sunilkumar, former branch manager Biju Karim, senior accountant CK Gilles, bank member Kiran, commission agent AK Bijoy and the bank’s supermarket accountant Regi Anil.
