THIRUVANANTHAPURAM: The Vigilance Court, here, will pronounce the verdict on Opposition Leader V S Achuthanandan’s plea seeking probe against SNDP Yogam general secretary Vellapally Natesan in connection with the micro finance project under SNDP on January 20.
The Vigilance on Monday submitted before the court a confidential verification report on the irregularities in the micro finance scheme. During the hearing, the Vigilance mentioned that it had no objection in holding a probe in the case. Vigilance legal advisor mentioned that the district officials of the Backward Development Corporation also had a role in the scheme. The Vigilance and Anti Corruption Bureau had last week submitted before the court that it had found irregularities to the tune of `80.30 lakh in the micro finance scheme run by the Yogam.
Apart from Natesan, who is the first accused, the other accused in the petition are SNDP president M N Soman, SNDP Yogam micro finance state coordinator K K Mashean and Najeeb.
In the petition, Achuthanandan alleged that Natesan and others had misused their position, power and public money provided by the state for the welfare of the poor. As per law, disbursement of loan was subject to a maximum five per cent interest but the accused persons charged exorbitant interest from the persons who availed loans.