The Enforcement Directorate (ED), Kochi Zonal Office, has temporarily attached properties worth around ₹32,000 crore in Kasaragod belonging to a couple and their son in connection with an alleged overseas loan fraud and money laundering case.
The properties, registered in the names of Sulaiman CT, Nafeesath OT and Muhammed Sinan Sulaiman, were attached through an order dated February 24, 2026 under the Prevention of Money Laundering Act 2002, the agency said in a statement.
The ED has launched an investigation based on a case registered by the Chandera police on a complaint by Invest Bank PSC. The ED alleged that Abdurahiman Chenoth Thiruthummal, owner of Hexa Oil & Gas Services LLC, availed loans totaling AED 68.159 million (approximately 168.63 million) from a UAE-based bank between 2013 and 2017 by submitting false financial statements.
Although he was approved for business development, a substantial portion was allegedly diverted to India, including ₹4.6 million credited to his NRE account. Of this, ₹34 lakh was transferred in installments to his brother Sulaiman between April 2014 and March 2017, allegedly for the construction of a house in Kasaragod.
In 2022, Mr. Sulaiman transferred most of the property to his wife and son for ₹4.5 lakh. The ED labeled the transaction as a scam as it suspected that it was to protect the proceeds of crime. Further investigations are underway, the agency said.
Published – 25 Feb 2026 22:40 IST
