CID seeks blue corner notice against fugitive couple in Karnataka State Co-operative Credit Society Federation scam
Ashalatha P, the former CEO of KSCCSF, and her husband N Somashekhar, had travelled to Bangkok before they went missing and the notice aims to ascertain their whereabouts. CID has already issued a lookout circular in their names.
According to the case diary, Ashalatha and the other accused had misappropriated Rs 19 crore from the federation. Soon after taking over the case, CID arrested Ashalatha's nephew J Manjunath and two of his friends, Vijay Kiran S and Sujay.
Alarmed by these arrests, Ashalatha and Somashekhar slipped out of India.
Madhura Veena ML, superintendent of police, deposit fraud investigation unit, told TOI: "They flew to Bangkok, but thereafter, there's no news. So, we approached CBI, requesting to issue a blue corner notice against the fugitive couple," she said.
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Court rejects anticipatory bail plea
A city court recently rejected the anticipatory bail plea of Ashalatha and her husband. The couple's counsel had claimed they were innocent.
However, turning down the bail petition, the court observed: "The matter is under investigation, and allegations of misuse of a huge amount of money must be probed in detail. It is necessary to take the suspects into custody."
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