The Sulthan Bathery Judicial First Class Magistrate Court on Wednesday remanded the alleged mastermind of the loan fraud at Pulpally Service Cooperative Bank in Wayanad in 14-day judicial custody.
Magistrate Anand Parathara on Wednesday remanded Sajeevan Kollappillil, 48, in connection with the death of a farmer, who was a complainant in the fraud case, and a case filed by an elderly couple at Pulpally. The couple had accused a few directors of the bank of cheating them and alleged that Sajeevan was the mastermind behind the scam.
Sajeevan had been absconding following the farmer’s death, and he was arrested at Sulthan Bathery on Tuesday night during a routine vehicle checking.
