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Kerala High Court considers changing investigating officer in ₹15.85 crore microfinance fraud case

Kerala High Court is considering a switch in the investigating officer for a ₹15.85-crore microfinance fraud case involving Vellapally Natesan, General Secretary of SNDP Yogam. The court voiced concerns about the current investigation's progress and has given a three-week deadline for it to be wrapped up before deciding on a new officer.

BRIC Team
BRIC Team
Jun 19, 2026 · 1 min read
Kerala High Court considers changing investigating officer in ₹15.85 crore microfinance fraud case

Key Takeaways

  • •The Kerala High Court is dissatisfied with the investigation progress in a ₹15.85-crore microfinance fraud case linked to Vellapally Natesan.
  • •Justice A. Badharudeen ordered the investigation to be finalized by June 20, 2026, but progress has stalled.
  • •The case involves allegations of misappropriation of government loans distributed from 2003 to 2014 to marginalized communities.
  • •The investigation was assigned to the Special Investigation Team in November 2024 after a petition from M.S. Anil of Cherthala.
  • •The court may change the investigating officer if the inquiry is not completed within three weeks from the June 19 hearing.

Kerala High Court may switch the investigating officer in microfinance fraud case tied to ₹15.85-crore scam involving Sree Narayana Dharma Paripalana (SNDP) Yogam's General Secretary, Vellapally Natesan. During June 19, 2026, hearing,court criticized slow progress under S . Sasidharan, Superintendent of Police at Vigilance and Anti-Corruption Bureau (VACB).

Justice A. Badharudeen had told Sasidharan to wrap up investigation by June 20,2026. Report was due. But officer dragged feet,asking for more time again and again. Court warned: finish in three weeks or case goes to someone else.

Case started in 2016. Allegations of misusing government loans channeled through SNDP Yogam from 2003 to 2014 . Loans meant for marginalized communities in Kerala. Special Investigation Team (SIT) under Sasidharan took it on in November 2024 after M.S. Anil of Cherthala demanded thorough probe .

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