Kerala: P K Kunhalikutty has Rs 300 crore black money in bank, minister K T Jaleel claims

THIRUVANANTHAPURAM: Former minister K T Jaleel has come up with fresh allegations against former minister and IUML parliamentary party leader P K Kunhalikutty.
Jaleel said here on Friday that Kunhalikutty has more than Rs 300 crore as black money deposits in the AR Nagar service cooperative bank in Malappuram, which is under the control of the IUML. Jaleel said that the cooperation department audit division has found this huge deposit of black money, and it has been stated in the interim report. Fake documents have been prepared against the names of as many as 71 persons in the bank to deposit black money in their names. He said that the total black money deposits in the bank would be approximately Rs 600 crore, and the final report by the department will be submitted to the government next week.

Jaleel said that former bank secretary and present executive director V K Harikumar had aided Kunhalikutty in black money deposit. He added that Harikumar’s life is in danger, and needs to be given necessary protection. He further said that Devi M, a native of Tirurangadi, has petitioned the police that as much as Rs 80 lakh black money has been deposited in her account, without her knowledge by Harikumar with an intention to legalize the money. She had received a notice from the income tax department to appear before IT officials in connection with the deposit. She further said in her complaint that she has no knowledge about the deposit, and also had not entrusted anyone to deposit the money in her account. Jaleel said that there is hardly anyone who can speak against Kunhalikutty in IUML, and the reason why the service cooperative banks have refused to join the Kerala Bank are due to such black money deposits.
Last week, Jaleel had alleged that it was because of Kunhalikutty’s dubious financial dealings that IUML supremo Panakkad Syed Hyderali Shihab Thangal had to face ED sleuths. He also alleged that former minister V K Ebrahim Kunju is colluding with Kunhalikutty. Jaleel had also claimed that Kunhalikutty’s son Hasique Pandikadavath also had black money deposits in his account in the same bank and released a copy of the list of names apparently by the IT department, the first name in which is that of Kuhalikutty’s son.