The Central Bureau of Investigation (CBI) has taken over the investigation into the Nirmal Krishna Chit Fund scam, which was centered around a private financial institution operating in Parassala. The company allegedly orchestrated a multi-crore fraud, affecting numerous investors. In response to petitions submitted to the Chief Minister by victims in Kerala, the decision was made to involve the CBI. Given the interstate nature of the scam, the investigation will extend beyond Kerala to Tamil Nadu as well.
The Nirmal Krishna Chit Fund company is accused of defrauding thousands of ordinary individuals in both Kerala and Tamil Nadu, including those who invested substantial amounts. An investors’ association had previously submitted a petition to the Chief Minister seeking intervention.
