Kalpetta : The Enforcement Directorate(ED) will investigate claims made by Sajeevan Kollapally, accused in Pulpally Co-op Bank loan fraud, that he passed on the loan money to various Congress leaders.
ED registered its case against Pulpally loan fraud and investigations are underway. On 9th of last month, ED raided homes of four accused, including Sajeevan Kollapally and KPCC General Secretary KK Abraham and also Pulpally Bank.
The case was registered under Anti-Black Money Act. In investigations that followed, ED sifted through source of money and assets belonging to all the accused. Rs 1.64 crore was found to have been availed from the bank , all of which went directly into Sajeevan’s personal account.
Sajeevan told investigators he remitted portions of that sum to KPCC Executive Member K Paulose, Pulpally Panchay President Dileep Kumar and INTUC leader Mani Pmpanal. ED will also investigate to find if the payouts came from the defrauded sum or black money.
