# Man held for Rs 89 lakh loan fraud in Kochi cooperative society 2026-08-16T21:50:57+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Njarackal police on Sunday arrested Anoop C.J., a 44-year-old gold appraiser at the Karuthedam Rural Service Cooperative Society, for allegedly misappropriating Rs 89 lakh through a loan fraud. The Hindu reports that between January 2014 and June 2024, he recorded that the bank had accepted 1,565.9 grams of gold as collateral and issued loans against the fake pledges. Anoop, a resident of Malippuram in Elamkunnapuzha, was taken into custody on August 16. Police said they are also probing his other financial dealings. The cooperative society is expected to conduct an internal audit following the arrest. ## Coverage - thehindu.com This story was synthesised by AI from the source linked above. Tags: cooperative bank, Kerala Police, Kochi Canonical: https://indianopinion.org/man-held-for-rs-89-lakh-loan-fraud-in-kochi-cooperative-society/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/man-held-for-rs-89-lakh-loan-fraud-in-kochi-cooperative-society/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/