IUML legislator arrested in Kerala gold jewelry scam

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IUML legislator arrested in Kerala gold jewelry scam

IUML legislator arrested in Kerala gold jewelry scam

Synopsis

The Manjeshwaram MLA used to be known as in for questioning by the Special Investigation Team this morning and his arrest used to be recorded by evening, police acknowledged.

Representative Portray

Kasaragod: In a blow to the opposition Congress-led UDF in Kerala sooner than Local body polls next month, an IUML legislator M C Kamaruddin used to be arrested on Saturday in connection with circumstances registered against him in a multi-crore monetary fraud concerning to gold jewelry replace.

The Manjeshwaram MLA used to be known as in for questioning by the Special Investigation Team this morning and his arrest used to be recorded by evening, police acknowledged.

The arrest used to be below sections 406 (legal breach of trust) and 420 (cheating) of the Indian Penal Code, provisions of Kerala Safety of Pursuits of Depositors in Financial Institutions Act and share 3 and 5 of the banning of unregulated deposit schemes act.

“He has been arrested below three circumstances and currently, the probe team is investigating 77 circumstances against him,” a senior police legitimate told .

Alternatively, police acknowledged as many as 115 circumstances were registered against the MLA in Kasaragod and Kannur districts on complaints from investors, largely personnel of the Indian Union Muslim League (IUML), a predominant ally of the United Democratic Front (UDF).

While UDF convener M M Hassan acknowledged the arrest used to be politically motivated, Kerala PCC president Mullapally Ramachandran acknowledged “let the regulation make a selection its route.”

Kamaruddin, who is the chairman of Model Gold Jewellery, moreover maintained that his arrest used to be “politically motivated.”

“Here’s a politically motivated case. My case is developing in the Excessive Courtroom on Monday. No look used to be issued to me sooner than the arrest. The authorities is making an strive to cloak its faults by sharp me.

They cannot murder me by any of this,” Kamaruddin told journalists as he used to be being taken to a health heart for COVID-19 test quickly after his arrest.

One other district chief of IUML, T Ok Pookoya Thangal, who is moreover the Managing Director of Model Gold, around which the fraud has taken set, used to be on the total frequently known as to the SP set of industrial in Kasaragod,police acknowledged

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

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

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1 Comment on this Story

Binu Pillai1 hour ago

The man had Jewlery Industrial, he went bankrupt … Gargantuan Industrial Other folks cherish ANIL AMBANI are bankrupt quiet doing neatly.

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