Kochi: One of the biggest financial frauds in the state, the owner KD Prathapan has been arrested in the Highrich financial fraud case. After several interrogations, the Enforcement Directorate recorded the arrest of KD Pratapan. ED has made an arrest after collecting accurate evidence.
Highrich fraud is one of the biggest financial scams in the state. There were indications that KD Prathapan and his wife had smuggled the money earned through fraud abroad. The ED conducted a detailed investigation in this and conducted inspections in various states at the same time.
Prathapan was being interrogated at the ED office in Kochi since yesterday morning. After this, the ED has gone into the arrest. The ED investigation was based on a complaint that high-rich owners KD Prathapan and his wife Sreena had smuggled crores of money stolen from investors abroad through hawala transactions. After this, the ED told the court that the high rich fraud is the biggest financial fraud that Kerala has seen. 1157 crore rupees were stolen by the accused in the name of membership fee.
