District Collector Snehil Kumar Singh has ordered the attachment of all movable and immovable assets of Kozhikode-based Rone Infotrade Private Limited following complaints of a major investment scam. The tahsildars concerned have been asked to initiate immediate action under the Unregulated Deposit Schemes Prohibition Act, 2019. An order was also issued to the district transport officer on Wednesday to prepare a list of vehicles registered in the name of the owners of the institutions and hand over the seized vehicles to the police. As part of the legal action, the company’s bank accounts would also be frozen with immediate effect.
Published – 12 Nov 2025 20:20 IST
