Kerala Cooperative Society Hit by Suspected Multi-Crore Misappropriation of Deposits

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A cooperative society in Kerala is facing allegations of financial misappropriation involving depositors' money, with initial estimates pointing to at least Rs 1 crore. Investigators suspect the total fraud could run into several crores as the full scale of the case is yet to be determined. Only a small number of victims have come forward to file complaints with the police so far. The development comes five years after a major bank scam previously shook the state's cooperative financial sector.

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