Microfinance scam in Kerala: SIT files final reports in 17 cases
Of the 124 cases probed, no irregularities were found in 30 cases, S. Sasidharan, head of the SIT, informed the Kerala High Court on Monday.
The Special Investigation Team (SIT) has concluded its probe into a ₹15.85-crore microfinance scam involving Sree Narayana Dharma Paripalana (SNDP) Yogam general secretary Vellapally Natesan, filing final reports in 17 cases out of the 124 investigated. Out of the remaining 30 cases, no irregularities were detected. Head of the SIT, S. Sasidharan, addressed the Kerala High Court on Monday, informing that the investigation had revealed instances of misappropriation of funds intended for eligible beneficiaries in various unions.
Steps to prosecute the offenders in these cases are underway. The report was filed in response to a petition by M.S. Anil from Cherthala, who accused the accused of misappropriating funds from microfinance programs under the SNDP Yogam, submitting false utilization certificates under fictitious self-help groups between 2003 and 2014.
The case was initially delayed, leading the petitioner to request a change in investigators. The matter will be considered by the court on August 11.
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