Court rejects bail plea of Muslim League MLA in jewellery investment scam

South India
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The Hosdurg First Class Magistrate court ruled that granting bail at an early stage would affect the investigation of the case as he was an influential person.

The bail application of Kerala Muslim League MLA M C Kamaruddin, who is accused in the Fashion Gold jewellery investment scam, has been rejected by a court in Kasargod.

The Hosdurg First Class Magistrate court rejected the bail application with the observation that granting bail at this stage would affect the investigation of the case as he was an influential person.

A special investigation team of the Kerala police had arrested the opposition front MLA last week on the basis of complaints received from over 100 investors accusing him of cheating them. The Congress-led United Democratic Front opposition had termed the case politically motivates.

Kamruddin’s lawyer C K Sreedharan had contended that sections 420, 406, 409 of the IPC do not exist against the MLA as even the victims had not complained that he had committed a criminal offense. The main argument of the respondent was that the police had remanded Kamaruddin for political purposes.

The prosecution strongly opposed that argument, saying that the MLA was the mastermind behind the scam. Many people have lost their money due to widespread fraud in the name of jewellery, the prosecution argued.

The prosecution had pointed out that after 2017, the company did not inform the registrar of anything related to the institution. Kamaruddin and others have been receiving investments even after the company closed in August 2017. Therefore, the prosecution argued that the owners of the establishment were making a move aimed at committing fraud.

Considering these arguments, the court rejected the bail application in the three cases against the MLA. With Special Investigation team registering the arrest in 11 new cases, the number of cases in which Kamaruddin has been arrested has risen to 25. The SIT has submitted the court to register arrests in more cases.

Kamaruddin 's lawyers are planning to approach the high court as there is very little possibility of a bail.

Image Credit: The Hindu

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