Investors who lost money in the BSNL Engineers Cooperative Society scam on Monday sought the intervention of Chief Minister Pinarayi Vijayan for recovering their money and arresting the accused.
In a representation to Mr. Vijayan, the representatives of the depositors alleged that the accused had siphoned off close to ₹250 crore from nearly 1,500 depositors. Majority of the depositors were senior citizens who had invested their life savings and retirement benefits in the society.
They also demanded that the government take immediate steps to arrest all the accused in the case who are still at large. Only one among the accused has been arrested so far, they alleged.
Earlier this month, the Thiruvananthapuram Additional District and Sessions Court had rejected the anticipatory bail pleas filed by the accused in the case. The court accepted the government’s argument that the magnitude of the scam can be determined only through the custodial interrogation of the society office bearers.
The depositors have also submitted a representation to Shashi Tharoor, MP, seeking his intervention.
