Perumbavoor Urban Cooperative Society to witness novel election as aggrieved investors set to field panel to seize control

Perumbavoor Urban Cooperative Society to witness novel election as aggrieved investors set to field panel to seize control

A fight is brewing at the Perumbavoor Urban Cooperative Society due to alleged irregularities of over ₹100 crore. Aggrieved investors are forming a panel to contest the upcoming election to take control of the society. The society, mostly governed by the Congress, faced financial trouble due to fraud in property valuation for loans. Investors have…

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Perumbavoor Urban Cooperative Society to witness novel election as aggrieved investors set to field panel to seize control

Two more held in alleged cooperative society fraud

The Crime Branch has arrested two more individuals who were board members of the Angamaly Urban Cooperative Society in connection with a ₹96-crore fraud case. The arrested individuals, T.P. George and Sebastian Madan, were disqualified by the Joint Registrar of the District Cooperative Society due to long-pending loan dues. The police are still searching for…

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