Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
April 26, Thursday 2018 5:29 AM       

       HEADLINES: Baby girl found abandoned                                              Sreejith’s family comes down heavily on CM                                              Was Liga murdered?                                              CM might have made statements out of innocence                                              Pinarayi death case: 'Auto-driver bought rat poison for Soumya'                                              Maneka bats for compensation for male victims of child sexual abuse                                              4 members of Ravi Pujari gang sentenced to 5 years in jail                                              Shimla rape: Accused sent to judicial custody                                              Dogs back, wife out. Imran Khan's marriage again on rocks                                              Lashkar-e-Taiba leader Abdul Rehman Makki insults Guru Nanak Dev                                              I would love to get out of Syria: Trump                                              Pak Army Chief arrives in Russia, touts defence ties                                              Gautam Gambhir steps down as Delhi Daredevils IPL 2018 captain, Shreyas Iyer new boss                                              Former Indian athlete Tony Daniel passes away                                              IPL: Sunrisers Hyderabad bowler reprimanded for breaching code of conduct                                              Kaumudi Facebook
       CITYNEWS Next Article: Daily train to capital from Tiruchi  
       Money chain racket busted in Kochi
 
         Posted on :09:27:22 Mar 12, 2017
   
A A
       Last edited on:09:27:22 Mar 12, 2017
         Tags: money chain, racket, busted, Kochi
 

KOCHI: The Kochi city police have busted a money chain racket in the city and arrested three persons. The racket was being operated in the name of Isha Alappatt and had two offices in Kochi--one at a shopping mall near Vyttila and another on Beeran Kunju Road.

Acting on a tip-off, a police team raided the racket’s offices here and arrested three persons identified as Noushad, Tony and Moosa. The police are on the lookout for two more persons, identified as Babu Alappatt and Sajeevan Mundakkal, in connection with the case.

During the raid, the police seized several documents pertaining to money chain schemes run by the racket. Preliminary investigations revealed that the firm had collected several lakhs of rupees from people including those from outside Kerala.

Officials said the firm ran different types of money chain schemes ranging from Rs 5,000 to Rs 1 lakh and lured people by promising valuable prizes and high rates of commission for getting more members into the company.

“The accused had been enrolling gullible people as agents by collecting deposits and each of these persons would require to attract a group and make them join the schemes for the stipulated fee, for which the promoter would be assured commission,” the officials said. The accused were produced in a local court and remanded in custody.

A A
       CITYNEWS
Next Article: Daily train to capital from Tiruchi
 
 
CITYNEWS HEADLINES
20 injured in accident  
Rema submits plea to Governor  
Wife of P Govinda Pillai dead  
Man held on charge of killing son-in-law  
Rail services to be regulated  
Two drown, bodies retrieved  
Ex-bank employee gets anticipatory bail  
Facilitation centre to assist migrant workers opens  
Six UP natives held with fake documents  
Man held on molestation charge  
Varapuzha: ASI interrogated  
SSLC results likely to be declared on May 2  
Death of Gopinatha Pillai: Police identify truck  
Gold ornaments seized  
Man held for misbehaving with girl  
SI attacked  
Three BDS students goes missing  
Woman, son drown in pond  
UP native held for death of relative  
Six found guilty of killing Cong worker  
RI for eight in murder case  
Boy drowns in river  
V Muralidharan nominated as Railway Consultative Committee member  
BJP demands NIA probe into SDPI hartal  
Search on for missing woman  
 
Do you agree with setting age limits for giving death penalty to rapists?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy