The Crime Branch (CB) has made another arrest in connection with the alleged Rs96 crore loan scam at the Angamaly Urban Cooperative Society. On October 21, 2024, Biju Jose K., the society’s suspended secretary, was taken into custody as the investigation continues to uncover the involvement of board members and employees.
Prior to this, Shiju K.I., the society’s suspended accountant, had also been arrested and is currently in remand. The investigation is ongoing as authorities work to unravel the details of the fraud.