The Kerala High Court has directed the Directorate of Enforcement (ED) to file a statement on the progress of the investigation into the financial scam in the BSNL Engineers’ Cooperative Society.
The January 10 direction came on a petition filed by N.A. Abraham, convener of the BSNL Society Depositors’ Forum, and Surendran Nair K.
The court directed the deputy director, Enforcement Directorate (Kochi office), to file a statement concerning the present stage of investigation. The case is being taken up next on January 27.
The Kerala High Court has directed the Directorate of Enforcement (ED) to file a statement on the progress of the investigation into the financial scam in the BSNL Engineers’ Cooperative Society.
The January 10 direction came on a petition filed by N.A. Abraham, convener of the BSNL Society Depositors’ Forum, and Surendran Nair K.
The court directed the deputy director, Enforcement Directorate (Kochi office), to file a statement concerning the present stage of investigation. The case is being taken up next on January 27.
The petitioners wanted the court to direct the ED to launch prosecution measures against the accused (past office-bearers of the society) under the Prevention of Money Laundering Act.
Mr. Abraham and Mr. Surendran Nair, who are over 70 years old, also urged the court to direct the Enforcement Directorate to hold its camp sittings in Thiruvananthapuram considering the advanced age of the depositors.
The case pertains to the embezzlement of depositors’ money to the tune of ₹260 crore in the BSNL Engineers’ Cooperative Society. Several hundreds of depositors, the vast majority of whom are in the 65-85 age group, who had invested in deposit schemes offered by the society, were cheated of their life savings, according to multiple complaints lodged with the police and the Registrar of Cooperative Societies. The Hindu