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February 22, Thursday 2018 2:43 PM       

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       Fourth arrest in bank loan fraud case
         Posted on :09:14:54 Feb 6, 2018
       Last edited on:09:14:54 Feb 6, 2018
         Tags: arrest, bank loan, fraud case

THIRUVANANTHAPURAM: A 24-year-old man was arrested by the Pothencode police in connection with the alleged misappropriation fraud in a cooperative bank. The police identified the accused as Sajid of Melemukku in Pothencode. The accused, who was the driver of the prime accused, Reena, is suspected of assisting her in obtaining loans from the Ayirooppara Farmers Service Cooperative Bank by pledging fake ornaments. Pothencode Inspector S. Shaji said Sajid had been arraigned as the fifth accused in the case. Three persons were arrested on Sunday. The officer did not rule out the possibility of more being named as the accused. According to Attingal DySP Anil Kumar, the accused are suspected to have taken loan of around Rs 1.5 crore since 2016. The bank is said to have suffered a loss of over Rs 4 crore.

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