5 Years After Kerala Bank Scam, Rs 1 Crore 'Scam' Hits Cooperative Society

Five years after the major Karuvannur Cooperative Bank scam, a new fraud has surfaced in a cooperative society in Thalassery, Kerala, with allegations of Rs 1 crore being misappropriated. Sources reveal that the misappropriation could be much larger, but only a few victims have come forward to file police complaints. This echoes the larger concerns from the previous scandal, highlighting systemic issues in financial oversight and the challenges in holding accountable those who mismanage public funds. The situation underscores the need for stringent regulatory checks and greater public vigilance in financial institutions.