Kerala HC grants bail for MLA Kamaruddin over Rs 15 crore gold business deposit scam

MC Kamaruddin was arrested on November 7, 2020, for the duping of depositors in his gold business
Kerala HC grants bail for MLA Kamaruddin over Rs 15 crore gold business deposit scam

Today the Kerala High Court granted bail to MC Kamaruddin, Manjeswaram MLA, who was arrested two months ago in connection with a multi-crore investment scam. He was granted bail in three cases.

While considering the bail petition filed by the Indian Union Muslim League (IUML) leader, the Court considered his health condition and the fact that he is not an accused in any other case. The Court has ordered Kamaruddin not to enter the police limits where he has been booked.

On November 7, 2020, MC Kamaruddin was arrested in connection with the duping of depositors in his gold business. Before arresting, Kamaruddin was quizzed for nearly six hours by a Special Investigating Team led by ASP Vivek Kumar.

On August 28, three depositors filed complaint against Kamaruddin alleging that he cheated them of Rs 36 lakh, but this was the first time the police questioned him in this case. After that, around 115 depositors in his gold business had filed cheating charges against Kamaruddin. He was questioned for cheating them of Rs 13 crore based on 77 complaints.

Before this incident, MLA’s business partner and religious leader TK Pookoya Thangal was quizzed for around nine hours by the investigating team and let off.

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