Accused Rigil bail summons denied, Kozhikode PNB scam, Rigil, PNB senior manager, bail, denied, crime news, Kerala latest news | Popgen Tech

The accused was brought before the court after spending five days in police custody. Earlier, the court had detained Rigil for 15 days on 15 December. After that, he was in the custody of the crime branch for five days.

The accused allegedly defrauded Rs 21.29 crore from 17 bank accounts, leading to the loss of Rs 12.68 crore. The investigation team found that Rigil invested more than Rs 10 crore in the stock market and utilized the remaining amount for house construction and playing rummy.

The Crime Branch inspected Rigil’s bank account details and investigated whether similar frauds were committed at the PNB branches in Eranhipalam and Palakkad, where he worked. However, no other illegal transactions were detected.

Meanwhile, no contradictions were found between Rigil’s statement and the bank records. According to the probe report, Rigil had committed the fraud alone, abusing his position as a senior manager.