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NDTV·1 min read·medium

5 Years After Kerala Bank Scam, Rs 1 Crore 'Scam' Hits Cooperative Society

AI Summary

A new financial scandal involving the misappropriation of funds has emerged at a cooperative society in Kerala, five years after a major bank scam in the region. Authorities suspect the fraud could involve several crores of rupees.

Sources familiar with the investigation told NDTV they suspect the alleged misappropriation of depositors' money could run into several crores, with only a handful of victims having approached the police so far.

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