Depositors demand CBI probe into Nirmal Krishna chit fund scam

THIRUVANANTHAPURAM: As the police are  yet to nab the key accused in the Nirmal Krishna chit fund scam of Palukal on Kerala – Tamil Nadu border near Parassala, the investors are pressing their demand for a CBI probe into the scam. There has been widespread allegations of political nexus of the key accused in the case, especially the main promoter K. Nirmalan alias Nirmal Krishna, with political leaders of both Kerala and Tamil Nadu. This suspicion has been strengthened with the police delay in nabbing the accused, said a section of investors.

Police sources here said that a team of Tamil Nadu economic offences wing and a special team of Kerala police were making serious efforts to trace the accused. Only two of the 18 arraigned by the Tamil Nadu police in the case were arrested yet. An action council of investors has already launched an indefinite stir in front of the main office of Nirmal Krishna Nidhi Limited at Palukal, about 40 km from here. It may be recalled that opposition leader Ramesh Chennithala had earlier written to Tamil Nadu chief minister Edappadi K. Palaniswami to initiate a CBI probe into the scam, estimated to be around Rs 2,000 crore. Meanwhile, retired judge D. Premachandran who was appointed as receiver by a local court here  on Wednesday on the basis of an insolvency petition  of Nirmalan, is likely  to initiate his activities by next week.