Kerala: Halal Fayida Islamic Banking Cooperative Society depositors stranded as crores remain unaccounted for

Kerala: Halal Fayida Islamic Banking Cooperative Society depositors stranded as crores remain unaccounted for

Siphoning public money through Cooperative Banks is a classic model devised by Communists in Kerala. Even before the news of the Karuvannoor Cooperative Bank fraud worth Rs 344 cr had settled, another scam has now emerged from Kannur in the name of an Islamic bank, Halal Fayida Cooperative Society. Fayida Cooperative Society, Kannur, was launched in 2017. The bank is nine years old, but its depositors are now running from pillar to post to get t…