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 Personnel this morning and his arrest used to be recorded by evening, police said.

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

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

The arrest used to be under sections 406 (felony breach of believe) and 420 (cheating) of the Indian Penal Code, provisions of Kerala Safety of Pursuits of Depositors in Monetary Establishments Act and section 3 and 5 of the banning of unregulated deposit schemes act.

“He has been arrested under three cases and at repeat, the probe crew is investigating 77 cases against him,” a senior police decent told .

Nonetheless, police said as many as 115 cases were 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 Entrance (UDF).

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

Kamaruddin, who is the chairman of Fashion Gold Jewelry, additionally maintained that his arrest used to be “politically motivated.”

“It is far a politically motivated case. My case is coming up within the High Court on Monday. No witness used to be issued to me sooner than the arrest. The executive is trying to veil its faults by piquant me.

They cannot abolish me by any of this,” Kamaruddin told reporters as he used to be being taken to a clinical institution for COVID-19 take a look at soon after his arrest.

Some other district chief of IUML, T K Pookoya Thangal, who is additionally the Managing Director of Fashion Gold, around which the fraud has taken set, used to be additionally known as to the SP set of job in Kasaragod,police said

The IUML leadership had given the MLA six months time to repay the portions taken from the investors.

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

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1 Enlighten on this Memoir

Binu Pillai1 hour within the past

The guy had Jewlery Industry, he went bankrupt … Broad Industry Individuals like ANIL AMBANI are bankrupt aloof doing successfully.

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