Co-operative Thrift and Credit Society Money laundering case: Coimbatore court's verdict

A court in Coimbatore has sentenced a clerk of the Coimbatore PWD Co-operative Thrift and Coin Society to three years in jail for misappropriating Rs 9,000.


Coimbatore: After a gap of 20 years, the Coimbatore district court has ruled in a case of misappropriation of money in the Public Works Employees' Co-operative Thrift and Coin Society functioning on the agricultural university campus.

Nagaraj, who was serving as secretary of the Public Servants' Co-operative Thrift and Coinage Society functioning in the coimbatore agricultural university campus between 1993 and 1994, and vijayakumar, a clerk, were accused of misappropriating Rs 9,000 from the amount paid by the members of the association.

The deputy registrar of the co-operative society Mahendran lodged a complaint with the commercial crime branch police in this regard. Based on the complaint, a case was registered in 1995 and the investigation began in 2001. One person was acquitted in the case.

Co-operative secretary Nagaraj, vice-president Sundaram and president Mohandas died due to ill-health. For more than 20 years, the trial in the case has been going on in the JM-IV court in Coimbatore.

Prasanna Venkatesh appeared on behalf of the government. Justice Saravanababu sentenced the accused clerk Vijayakumar to three years in jail and imposed a fine of Rs 2,000 on him. The court also allowed Vijayakumar to file an appeal.

Coimbatore's 12 Amma Unavagams Record Rs 87.30 Lakh Sales in Three Months

The 12 Amma Unavagams operating under Coimbatore Corporation have sold 11.39 lakh food items worth Rs 87.30 lakh between...

Coimbatore Corporation Commissioner Inspects Underground Sewage Project Works Across City Zones

Coimbatore Corporation Commissioner Katta Ravi Teja inspected underground sewage project works in East and North zones....

MSME Sector Disappointed as Tamil Nadu Budget Skips Power Tariff Relief Announcements

Coimbatore: M Jayabal, State General Secretary of Tamil Nadu All Entrepreneurs Federation, expressed disappointment over...

Tamil Nadu Budget 2026–27 Lays Strong Foundation for Inclusive Growth and Startup Ecosystem: Auditor G. Karthikeyan

The Tamil Nadu Budget 2026–27 strikes a balance between welfare and economic growth, with a renewed focus on startups, a...

Passenger Alert: Special Weekly Trains Announced Between Coimbatore and Jaipur

Southern Railway has announced four pairs of special weekly trains between Coimbatore and Jaipur from August 13 to Septe...

Students Explore Entrepreneurial Thinking at Masterclass Hosted byK’sirs International School

Students from leading schools across Coimbatore came together at K’sirs International School for Ashoka University’s Thi...