Thiruvananthapuram: CBI will now investigate the financial fraud case against Highrich Company. The government issued an order in this regard. The action is on the recommendation of the DGP. There are more than a dozen cases in different stations. ED is also investigating the case. ED is probing this case in connection with hawala smuggling of Rs 100 crore.
There are many complaints including that the company that sells goods including groceries online has started online money chain and cheated people by offering high interest rates and taking deposits from people. Meanwhile, the state GST department found that 126 crore rupees were evaded and the owner K.D. Pratapan was also arrested. Later released on bail. ED has included these matters in a 12-page counter affidavit filed in the court.
The ED raided on the complaint that money was being smuggled abroad, but company MD Prathapan and his wife and company CEO Sreena escaped. Later, the High Court was approached seeking anticipatory bail. But pointing out that the accused are habitual criminals, the ED has also submitted documents to the court showing that cases have been registered against them in 19 places in Kerala alone.
