Thiruvananthapuram : MLA Dr. KT Jaleel on Friday divulged massive financial frauds connected to Muslim League leader PK Kunjalikutty. Kunjalikutty has over Rs 300 crores of black money stashed away Malappuram A. R. Nagar Service Co-op Bank, said Jaleel. The monies were deposited into various accounts, the owners of which realized the existence of these deposits only upon getting notice from Enforcement Directorate(ED). Several people have come up with omplaints seeking justice, said Jaleel at the press conference called earlier in the day.
The Income Tax department had stumbled upon Rs 103 crore belonging to Kunjalikutty’s son at AR Nagar Bank. The I-T department had asked the Inspection Wing of the Co-operative department to look into the matter. It is believed there exists over Rs 600 crore of black money deposits at the bank. When the report on findings are ready, the facts will shock Kerala, KT Jaleel told reporters.
A Anganwadi teacher from Tirurangadi lodged a police complaint recently stating that she had opened an account with AR Nagar Bank at instance of the bank’s president and is now startled to find there is a deposit of Rs 80 lakh in that account. She said, the matter became known only when she received a notice from the ED.
All these monies are corruption proceeds belonging to Kunjalikutty. The bank’s Executive Director, Harikumar, manages Kunjalikutty’s black money. There is growing protest in Malappuram over the bank’s fraudulent activities, the MLA said.
Kunjalikutty deposits black money using bank as cover, while at the same time using League establishments as cover for laundering them. When more details of the modus operandi emerge, Harikumar’s life is likely to be in danger. Corruption at League’s associate organizations began when PK Kunjalikutty came to head the party. All scammers have enjoyed Kunjalikutty’s support during the course of time, said Jaleel.
These black money deposits are the reasons why several co-operative banks in Malappuram refused to merge with Kerala Bank during its formation, said Jaleel at the press meet.
