According to police, the accused duped investors, mostly from abroad, by taking money through their various financial firms.
Financial fraud (Creative Commons)
A businessman, allegedly connected with a political party in Kerala was on Tuesday, 7 May, was arrested from Thiruvalla in Pathanamthitta in connection with a financial fraud of around ₹500 crore. Police also arrested his wife and two sons in connection with the multi-crore fraud. The accused duped investors, mostly from abroad, by taking money through their various financial firms.