25 March Saturday

BSNL Engineers Co-op Society Fraud; Strict Action, CM Assures Assembly

Web Desk (Tvm)Updated: Wednesday Feb 1, 2023

Thiruvananthauram : Strict action will be taken against those involved  in the BSNL Engineers Co-op  Society fraud, said Chief Minister Pinarayi Vijayan said in the Assembly. The  BSNL Engineers Society is located on  Uppalam Road in Vanchiyoor. CM was replying to a submission made by  Leader of the Opposition,  VD Satheesan.

In the inspection carried out by  the Registration department, there were found  irregularities including investment fraud. The preliminary finding is that the amounts received as fixed deposits were entered into  in fake registers and fake certificates were issued to depositors.

Based on findings submitted by the Registrar-appointed  investigation team,   a case with  crime number 1266/2022 has been registered at the Vanchiyoor police station under sections 408, 409, 420, 477A and 34 of the IPC. The case followed a complaint lodged for alleged  forgery and extortion.

In investigations so far, the fraud involves a total of Rs 92.73 crore. Also, findings incriminate the society’s  president, honorary secretary and an employee of BSNL for their involvement. The  investigations have now been handed to the  Economic Offenses Investigation Department of the State Crime Branch. A special team comprising  13 persons including 2 DySPs and 3 Detective Inspectors headed by Crime Branch SP will  look into the scam.

The investigating officer  submitted  report to the court and  concerned authorities seeking to  seeking to stop the any sale or purchase of  properties owned by the accused persons. Also, cooperative and nationalised banks have been asked to freeze accounts these persons hold with them.

In a bid to recover sums scammed,  the  Co-operative department has provisionally attached 20 properties belonging to the Society president, an employee and their relatives. The investigation team has moved steps to track all movable and  immovable properties belonging to the Society  president, staff and managing committee members. The Cooperative Department seeks to recover embezzled sums from the properties of the accused and refund the investors.

Cooperatives is a very  important economic sector pan Kerala. Even a slight irregularity or corruption in this sector will be viewed with grave concern and needful action taken, CM told the House.