CPM Leader N Bhasurangan Fails to Appear for Questioning in Kandala Bank Fraud Case
Thiruvananthapuram:
Former bank president and CPM leader N Bhasurangan has cited the need for additional time to produce requested documents and has failed to appear for questioning today in connection with the Kandala Cooperative Bank fraud case, as directed by the ED. This comes after Bhasurangan was questioned for a total of 18 hours on Monday and Wednesday by the Enforcement Directorate (ED) in relation to the ongoing investigation into the financial irregularities at Kandala Cooperative Bank.
The ED’s investigation has been focused on the financial transactions, bank deposits, and the interventions of Bhasurangan’s bank in the sanctioning of loans. Preliminary findings have revealed an irregularity of Rs 101 crore in the Kandala Bank, with indications that the extent of the irregularity may be even greater.
N Bhasurangan, who had been taken into custody after an attack on Kandala Bank and the homes of some of its employees, was subsequently hospitalized. Despite being directed to appear for questioning today, Bhasurangan has requested more time to produce property details and bank statements, which are being sought by the ED.
It is suspected that further arrests may be made as the ED continues to gather evidence in the Kandala Cooperative Bank fraud case. The developments in this high-profile case have raised significant public interest, with the involvement of a prominent CPM leader adding to its significance.
Thiruvananthapuram: Former bank president and CPM leader N Bhasurangan will not be present for questioning today in connection with the Kandala Cooperative Bank fraud case. The ED had directed him to appear today after the questioning on Wednesday. Bhasurangan has sought more time to produce the documents. The ED investigation into the Kandala bank scam is going on with a focus on CPI leader N Bhasurangan.
ED questioned N Bhasurangan for 18 hours on Monday and Wednesday in the Kandala Cooperative Bank fraud case. The ED is investigating financial transactions, bank deposits and interventions of Bhasurangan bank in sanctioning loans. In the preliminary investigation, an irregularity of Rs 101 crore was found in Kandala Bank, and it is stated that the scope of the irregularity is even more.
ED N Bhasurangan, who attacked the Kandala Bank and the houses of some of its employees, was taken into custody, but was shifted to hospital as he was ill. He was questioned in the last few days after leaving the hospital. Bhasurangan will not appear for questioning today despite being directed to appear today. Bhasurangan had asked for more time to produce the documents requested by the ED. More time to produce property details and bank statements. The ED’s investigation is going on with a focus on Bhasurangan. Arrests can also be made by gathering more evidence.
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