Published Jan 20, 2024 | 9:00 AM ⚊ Updated Jan 20, 2024 | 9:01 AM
Kalpetta Congress MLA T Siddique denied his wife had any role in the scam, saying she was only an employee at the firm.
A case has been registered in Kozhikode against five individuals, including Congress MLA T Siddique’s wife, in an alleged financial fraud case.
The case was registered following a complaint by a 62-year-old woman against a financial institution, a partnership firm under the Nidhi mutual benefit financial company, where the legislator’s wife Sharafunnisa served as the branch manager.
However, Siddique denied the allegations in a press meet in Kozhikode on Friday, 19 January.
The prime accused in the case is the founder and managing director of the company, Waseem Thondikodan.
The complaint alleges that the financial institution swindled several crores after collecting deposits from people, with the complainant accusing the firm of cheating her to the tune of ₹5.65 lakh.
T Siddique, the Kalpetta MLA, countered the allegations, claiming that the case against his wife was “politically motivated”.
He also claimed that his wife resigned from the firm in December 2022, citing concerns about its unethical operations.
Siddique challenged both the complainant and the police to substantiate the allegations against his wife.
During the press conference, Siddique clarified that his wife did not work at the company at the time specified by the complainant, and had never interacted with her.
He insisted that the information portraying his wife as the executive director of the company was false. She was merely a branch manager, the MLA said.
Siddique pointed out the discrepancies in the police FIR, where his wife is mentioned as the managing director, while her resignation letter stated she had resigned from the position of branch manager.
The police said they have received over 50 complaints against the firm, and the process is underway to freeze the account of the main accused, Waseem Thondikadan.
(Disclaimer: The headline, subheads, and intro of this report along with the photos may have been reworked by South First. The rest of the content is from a syndicated feed, and has been edited for style.)
