Kerala opposition MLA arrested in cheating case

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The arrest came after interrogation by the special investigation team of state police headed by Assistant Superintendent of Police Vivek Kumar at Kasargod in the morning.

The Kerala police on Saturday, November 7, arrested Manjeshwaram ML M C Kamarudheen, who belongs to Indian Union Muslim League (IUML), the second largest constituent of the Congress-led opposition United Democratic Frront in connection with the multi-crore jewelry investment scam.

The arrest came after interrogation by the special investigation team of state police headed by Assistant Superintendent of Police Vivek Kumar at Kasargod in the morning. Over 1000 investors had filed complaints against the IUML MLA alleging he had failed to refund the money they invested in the firm.

The SIT had earlier also questioned another IUML leader T K Pookoya Tangal, co-founder of the company. Police sources said that he would also be arrested soon.

The police and the ruling Left Democratic Front government have been facing serious criticism for not acting against the MLA despite complaints mounting against him in various police stations across the state.

Police said that the group had sold properties bought with the investors' money and reinvested elsewhere. The SIT chief said that their investigation had found that the MLA had cheated the investors.

The IUML had initially tried to shield the MLA by giving him six months’ time to return the money to the investors, who were mostly party workers and supporters. The party disowned owm after it was found that most of the company’s properties including stock of gold and land were already sold and the funds were diverted.

The MLA had earlier approached the Kerala high court seeking to quash the FIR registered against him saying that the case registered against was politically motivated. However, the court set aside his plea and directed the police to register every complaint of the investors separately.

He said that he was only a minority shareholder in the company and had no direct knowledge of the investment made by the complainants nor is he a signatory to the agreement between the company and the investors, the petition said.

Though the company started running into a loss since 2016, dividend agreed as per the agreement with investors were paid until 2018 and a huge liability was created. The company was closed in September last year and several investors did not get the dividends, stated the plea.

Image Credit: The New Indian Express

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