MLA K T Jaleel has said that an inquiry by the state cooperative department has found huge black money and illegal transactions to the tune of Rs 1,021 crore in the AR Nagar Cooperative Bank in Malappuram.
He also alleged that IUML national general secretary P K Kunhalikutty was linked to hundreds of benami accounts in the bank which has used for parking unaccounted money and laundering of black money.
Jaleel alleged that as many as 862 fake benami bank accounts were created using 257 customer IDs by former bank secretary V K Harikumar for Kunhalikutty to facilitate illegal financial dealings, parking unaccounted money and laundering of black money amassed through corruption Jaleel alleged that through the benami accounts created by Harihumar, illegal transactions of Rs 114 crore have been conducted during the last 10 years.
“The huge financial irregularity was unearthed when the IT department conducted a random examination of the 257 customer IDs. If the entire customer IDs in the bank are examined, then it will expose one of the biggest unaccounted money scam in the entire country,” Jaleel said. Jaleel said that Kunhalikutty and his team had turned the AR Nagar Cooperative Bank to their Swiss Bank in the state.
He alleged that going by the dates and year of the transactions it could be suspected that the benami transactions could be the money amassed through corruption in Travancore Titanum Industries when Kunhalikutty and former IUML minister Ebrahim Kunju served as industries ministers.
Jaleel alleged that the possibility of funds amassed through financial irregularities in Malabar Cements, KMML and other public sector firms could not be ruled out. He said despite being a primary service cooperative bank, there were 50,000 members and 80,000 accounts in AR Nagar bank. He also said that the Rs 3 crore deposit made by Ashique, son of P K Kunhalikutty, violating Foreign Exvhange Management Act is under the lens of RBI. Jaleel said that the inquiry has found that the addresses of customers have been deleted from the computer software of the bank.
He said that the cooperative department probe had found that 12 employees of the bank had illegal deposits of Rs 6.8 crore.
