The transfer of Kasaragod cooperative joint registrar K Surendran, who was leading the investigation into the multi-core fraud in various cooperative banks in Kasaragod district has raised eyebrows, reports TOI. The fraud were mostly done by pledging rolled gold.
According to official sources, he has been transferred with immediate effect. There is a widespread concern that the auditing might be affected. On Wednesday also the auditors had found out fake gold fraud to the tune of Rs 22.5 lakh.
Though the joint registrar refused to make any comments on the issue, he said his transfer was not due as he was transferred from Kannur in March. He also said there was no political pressure on him in the investigation of the case but this transfer came as a shock.