CBI registers case against Kerala fraudsters
The CBI has registered four cases in connection with an alleged case of fraud to the tune of Rs 9.60 crore committed by a couple and six others.
New Delhi: The CBI has registered four cases in connection with an alleged case of fraud to the tune of Rs 9.60 crore committed by a couple and six others.
The agency registered cases against CV Sadiq and Kadeejath Nausha, directors of Global Trade Solution Pvt Ltd, both of whom are apparently at large in the UAE, for allegedly cheating the public on the promise of higher returns on investment, duping them of about Rs 9.60 crore.
"It was alleged that the two directors of Kasaragod (Kerala)-based private company and its six persons and others had defrauded the victims. CBI took up the investigation of these cases from Kerala Police," a CBI spokesperson said here today.
She said searches were conducted at five residential premises connected to these persons as well as at two institutions run by the Directors of the said private company at various locations in Kerala, leading to the recovery of 34 documents and one material object.
The officer said cases have been taken on the orders of Kerala High Court.