Since the society lacked proper records, the report was prepared by the investigating officer with information gleaned from the affidavits submitted by depositors. The report reveals that the perpetrators transferred depositors' funds directly into their own accounts without recording them in the society's register. Though fixed deposits amount to ₹222.47 crore, this amount is missing from the society's accounts as the accused misappropriated the funds.
As many as 13 methods were used to cause these losses amounting to crores. The report highlights irregularities carried out by employees using fake loans, chit fund frauds, and other malpractices.
Denne historien er fra December 23, 2024-utgaven av The New Indian Express Kannur.
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Denne historien er fra December 23, 2024-utgaven av The New Indian Express Kannur.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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