Thiruvananthapuram : In the first case registered over Nedumparambil Credit Syndicate fraud in the state capital, Fort police on Thursday booked seven people, including the owner of the firm and former treasurer of Kerala Congress (M) N M Raju and his family, on the complaints of people who were allegedly cheated by offering high interests on deposits. Fort police registered three cases against the proprietors of Nedumparambil Credit Syndicate’s Attakulangara branch. The case was registered against N M Raju, his wife Grace Raju, sons Alen George and Anson George, and staff of the firm Abraham Philip, Shibu K Mathew, and R S Renjith.
According to police, the accused cheated depositors, by offering high returns on deposits. They invested the money in real estate, textiles, and vehicle marketing, and there are over 20 cases against them in Kottayam alone. Their firm has over 150 branches across the state, and they were earlier arrested by Thiruvalla police over a financial fraud worth Rs 500 crore.
Fort police registered the cases under sections of IPC 420 for cheating and 406 for criminal breach of trust. The complainants include an 85-year-old Keshavadasapuram native and 71-year-old and 39-year-old Poonthi natives. The Kesavadasapuram native deposited Rs 47 lakh in 2023 for a year but he was denied the money and interest after the maturity period.
The Poonthi natives were cheated of Rs 32 lakh and Rs 9 lakh, respectively, in a similar way. “ Since the accused are in jail, we may have to take them into custody for interrogation. There are seven accused in the case, but more staff at the branch will also be added as accused in the coming days,” said police.
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