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       Cheating case: One more held
 
         Posted on :09:19:34 Sep 7, 2017
   
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       Last edited on:09:19:34 Sep 7, 2017
         Tags: cheating case, one, held
 

KANNUR: One more person was arrested in connection with a case of cheating of a cooperative credit society, at Karivellur here, by the Payyannur police on Wednesday. The arrested has been identified as Prashanth, 32, a resident of Thrikkarippur. According to the police, he is the mastermind behind the cheating. Society secretary K V Pradeepan had surrendered in the court last month and is now in judicial custody.

The society was found to have been defrauded of Rs 2.98 crore by way of borrowing cash by pledging imitation gold ornaments. The cheating at the Congress-led Social Workers’ Cooperative Welfare Society at Karivellur was unearthed during an inspection by officials of the Department of Cooperatives here on August 12. The police said the involvement of Prashanth in the cheating was disclosed during the interrogation of Pradeepan. Prashanth had been absconding.

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