Kerala MLA arrested for jewellery investment scam

M C Kamaruddin bail plea rejected

Kerala MLA of Muslim League MC Kamaruddin got arrested for jewellery investment scam. The interrogation of the MLA started at 10.30 am today at the Kasargod district police chief’s office. Kamaruddin told the probe team that it was not his sole responsibility to raise funds. The probe team under ASP Vivek Kumar, said they had received strong evidence against the MLA from the interrogation of jewelry shop managing director TK Pookoya Thangal and other directors. The Special Investigation Team (SIT) started questioning MC Kamaruddin at a time when the number of complaints in the jewellery investment fraud case was 115. It is alleged that Kamaruddin has amassed Rs 15 crore from about 800 investors. The first case of fashion jewellery investment fraud was registered on August 27. 115 cases have already been registered in Kannur and Kasaragod districts. With this, the probe was taken up by a special investigation team and the investors filed a complaint when they were convinced that they wont get back their investment. As of now, the probe team has recorded testimonies of 80 persons. On Friday, Pookoya Thangal and the interlocutor appointed by Muslim League Kalladra Mayin Haji were questioned by police crime branch’s probe team. The report submitted by League’s interlocuter to the party leadership says that Kamaruddin cannot repay the money to investors. Following this report, the party decided, the MLA should face the consequences on his own and party leadership wont support him.