Now Reading: SIT files final reports in 17 cases of Kerala microfinance scam
-
01
SIT files final reports in 17 cases of Kerala microfinance scam
The special investigation team probing the alleged ₹15.85-crore microfinance scam involving SNDP Yogam general secretary Vellapally Natesan has filed final reports in 17 cases, SIT head S. Sasidharan told the Kerala High…
The Story in Brief
The special investigation team probing the alleged ₹15.85-crore microfinance scam involving SNDP Yogam general secretary Vellapally Natesan has filed final reports in 17 cases, SIT head S. Sasidharan told the Kerala High Court on Monday. Of the 124 cases investigated, no irregularities were found in 30 cases, and a consolidated final report will be filed for those. The SIT detected specific misappropriation of funds meant for beneficiaries in seven unions, including Pulappally, Ranni, and Mananthavady, and said steps to prosecute offenders are under way.
The petition was filed by M.S. Anil of Cherthala, who sought an investigation into alleged misappropriation by Mr. Natesan, N. Soman, K.K. Mahesan, and former managing directors of the Kerala State Backward Classes Development Corporation. The accused allegedly submitted false utilisation certificates in the names of fictitious self-help groups between 2003 and 2014 to divert welfare funds. The court will consider the matter on Tuesday.
The Indian Opinion
Charges of a cover-up are already doing the rounds, but the SIT has filed reports in 124 cases and found irregularities in 17. The test of this probe is not speed but scale: will the consolidated final report name every beneficiary and every fictitious self-help group? The court will decide on Tuesday whether to accept the findings or order fresh inquiries.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
