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Rijil, who was the manager of the Punjab National Bank’s Link Road branch in Kozhikode, had stolen Rs 12.68 crore, including the funds of the Corporation.
State Bank of India, the country's largest lender, leads the list with the biggest write-off of 2.04 trillion rupees, the ministry of finance said in a written reply to a question asked in the lower house of the parliament on Monday.
In his statement, Rijil claimed he had transferred lakhs of rupees to builders who were constructing his new house. Huge amounts were invested in the share market and for playing online rummy.
The issue started in the Corporation council when the UDF’s move to present a calling attention motion was rejected by Mayor Beena Philip.
The probe could be extended to other local bodies too citing the loss suffered by the Kozhikode Corporation.
The jeweller, who fled India in 2018 before details of his alleged involvement in large-scale fraud at the Punjab National Bank became public, has argued there is a high risk of suicide if he is extradited.
Rijil's arrest comes six days after the Kozhikode Principal Sessions Court rejected his anticipatory bail application.
The national agencies intervened in the case being probed by the crime branch after the PNB director board asked the finance ministry for a nationwide investigation.
Friends and neighbours of Erimala village in disbelief as Kozhikode police issue lookout circular for PNB's senior manager Rijil MP.
Though Rs 21.29 crore was ripped off from 17 accounts of individuals and establishments, in addition to the corporation accounts, the entire amount has not been lost.
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