ED make first arrest of a politician in Karuvannur co-operative bank fraud

Updated: Sep 26 2023 6:25PM

New Delhi, Sep 26 (PTI) The Enforcement Directorate has arrested PR Arivandakshan, a CPM Municipal Councillor from Kerala's Wadakkanchery, in connection with the Karuvannur co-operative bank fraud case, officials said Tuesday.

The agency has also arrested a former employee of the bank, CK Jills, who allegedly siphoned off Rs 5 crore bank funds, they said.

Arivandakshan's arrest is the first of a political person in the alleged scam in which several political functionaries of the CPM are under scanner, they said.