IUML legislator arrested in Kerala gold jewellery rip-off

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IUML legislator arrested in Kerala gold jewellery rip-off

IUML legislator arrested in Kerala gold jewellery rip-off

Synopsis

The Manjeshwaram MLA used to be called in for questioning by the Special Investigation Group this morning and his arrest used to be recorded by evening, police said.

Handbook Allege

Kasaragod: In a blow to the opposition Congress-led UDF in Kerala earlier than Native body polls next month, an IUML legislator M C Kamaruddin used to be arrested on Saturday in connection with cases registered against him in a multi-crore monetary fraud relating to gold jewellery industry.

The Manjeshwaram MLA used to be called in for questioning by the Special Investigation Group this morning and his arrest used to be recorded by evening, police said.

The arrest used to be below sections 406 (criminal breach of believe) and 420 (cheating) of the Indian Penal Code, provisions of Kerala Security of Interests of Depositors in Financial Establishments Act and allotment 3 and 5 of the banning of unregulated deposit schemes act.

“He has been arrested below three cases and on the moment, the probe crew is investigating 77 cases against him,” a senior police reliable knowledgeable .

On the different hand, police said as many as 115 cases occupy been registered against the MLA in Kasaragod and Kannur districts on complaints from investors, largely workers of the Indian Union Muslim League (IUML), a serious ally of the United Democratic Front (UDF).

While UDF convener M M Hassan said the arrest used to be politically motivated, Kerala PCC president Mullapally Ramachandran said “let the legislation purchase its direction.”

Kamaruddin, who’s the chairman of Style Gold Jewellery, also maintained that his arrest used to be “politically motivated.”

“Here’s a politically motivated case. My case is coming up in the Excessive Court on Monday. No peep used to be issued to me sooner than the arrest. The authorities is trying to cowl its faults by keen me.

They are able to’t kill me by any of this,” Kamaruddin knowledgeable reporters as he used to be being taken to a health facility for COVID-19 test shortly after his arrest.

One other district leader of IUML, T Ok Pookoya Thangal, who’s also the Managing Director of Style Gold, round which the fraud has taken state, used to be also called to the SP workplace in Kasaragod,police said

The IUML management had given the MLA six months time to repay the quantities taken from the investors.

Following the arrest, the IUML has called for an urgent meeting at Kozhikode on Sunday.

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1 Comment on this Story

Binu Pillai1 hour ago

The guy had Jewlery Industry, he went bankrupt … Substantial Industry Participants like ANIL AMBANI are bankrupt mute doing neatly.

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