Ernakulam: Financial fraud uncovered at the Perumbavoor Urban Co-operative Bank. Sharaf, a board member, Perumbavoor resident, and former Muslim League mandalam president, has been arrested.
It is alleged that the board, including Sharaf, committed a financial fraud exceeding ₹33 crore. Following complaints related to financial irregularities, Sharaf attempted to flee to Sri Lanka but was apprehended at the Nedumbassery airport.
The bank operates under the Congress party. According to the police, a total of 18 Congress leaders, including Sharaf, are accused in the case, with Sharaf being the tenth accused. Police reported that he is currently being questioned in detail.
