Police of the museum received more than five financial fraud complaints about Kozhikode based in the Southern Green Farming and Marketing Multi-State Cooperative Society).
Police arrested chairman of Rajesh Chandrasekharan Pillai and Akhin CEO Francis on Sunday on the basis of a complaint submitted by Kowdia. Were ceded in judicial custody.
In this case, four more members of the director of Dhanya, Shyně, Prince Francis and Mahavishn were also booked. The accused are also promoters of the online news portal fourth.
They were accused according to sections 406 (criminal violations of trust), 420 (cheating) and 34 (acts performed by several persons to support the common plan) of the Indian Criminal Code.
According to the police, the group was accused of cheating the complainant of 24.5 ₹ Lakh after offering her 12.5% for her investment. Initially, she invested the amount of £ 5 Lakh 14 March 2023, after which her husband and son invested more amounts by October 2024.
The preliminary probe indicated that the group cheats several investors of approximately 250 GBP Crore from several branches located in different parts of the state, including Thrissur and Palakkad.
Published – May 26, 2025 9:02
