ED finds Rs 50 crore scam in Kerala co-op bank

ED connected Monday said its November 7 searches against committee members and directors of Nemom Cooperative Bank successful Thiruvananthapuram, associated with immoderate CPM netas, person revealed misappropriation of funds to the tune of implicit Rs 50 crore, with past office-bearers recovered progressive successful forging documents, sanctioning loans beyond permissible limits, diverting funds and wide fiscal mismanagement, starring to the nonaccomplishment of the slope to honour deposit liabilities.