EOW probe ₹2.65-crore fraud at Aralvaimozhi cooperative society; One arrested
The Economic Offences Wing has arrested a clerk involved in a ₹2.65-crore gold loan fraud at a cooperative society in Aralvaimozhi. Authorities are currently searching for six other suspects linked to the scheme.
Why it matters
Financial fraud within cooperative credit societies impacts local economic stability and trust in rural banking institutions.
The Economic Offences Wing on Tuesday arrested a 54-year-old man allegedly involved in ₹2.65-crore gold loan fraud case at Primary Agricultural Cooperative Credit Society at Aralvaimozhi.
The article reports on a criminal investigation based on police statements without bias.
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