Kerala businessman and Padma Shri awardee Sundar C Menon has been arrested over complaints of alleged financial fraud in this district, police said on Tuesday.
He was arrested by the district crime branch wing of the state police on Sunday and sent to the district prison here after being remanded by a local court.
According to police, Menon, a recipient of the civilian honour in 2016, faced 18 cases of financial fraud in connection with accepting deposits from people in the name of two firms in which he was one of the directors.
He allegedly accepted Rs 7.78 crore from various people but didn't return the money after the maturity period of the schemes, the police added.
The accused committed the fraud by accepting deposits from over 62 investors, violating Reserve Bank of India (RBI) norms and cheating them by not returning the amount even after the maturity period, a police statement said.
"There were 18 cases registered against the accused at the West Police station here," it said, adding the investigation was later handed over to the Crime Branch.
As per the BUDS (Banning of Unregulated Deposit Schemes) Act, the properties of Menon and other directors of the firm have been frozen, and steps are being taken to attach them, police added.
Sixty-three-year-old Menon was also the president of the Thiruvambady Devaswom, one of the organisers of the famed Thrissur Pooram.
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New Delhi: The countdown has begun for the counting of votes for the Assembly elections in five states that have captured the attention of people across the country.
The counting of votes for the Assembly constituencies of West Bengal, Tamil Nadu, Kerala, Assam and the Union Territory of Puducherry will begin simultaneously at 8 am, and the fate of candidates in a total of 824 constituencies will be decided shortly.
The counting of postal ballots will take place first, followed by the counting of EVM votes in several rounds.
► DMK candidate in Thiruchirapalli KN Nehru behind TVK's G Ramamoorthi by 292 votes
► The BJP has taken an early lead in West Bengal, while Mamata Banerjee faces tough competition
► TVK head Vijay leads in Perambur constituency
► M. K. Stalin is leading in Tamil Nadu’s Kolathur constituency.
► AIADMK leader Edappadi K. Palaniswami is leading in Tamil Nadu’s Edappadi constituency
► In Puducherry, BJP is leading in 3 seats.
► In Assam, BJP is leading in 56 seats, while Congress is leading in 12 seats.
► Suvendhu Adhikari leads in both Bhabanipur and Nandigram
► West Bengal CM Mamata Banerjee faces setback in Bhabanipur constituency
► Bhupen Borah, who recently left Congress and joined the BJP, is leading in Assam’s Bihpuria constituency
► Assam CM Himanta Biswa Sarma is leading in Jalukabari constituency
► BJP leader Suvendu Adhikari is leading in West Bengal’s Nandigram constituencyFive-state elections: Postal vote counting begins
► TMC, BJP lead in one seat each in West Bengal
► In Tamil Nadu, DMK leads in 3 constituencies, while TVK leads in 1
► UDF leads in 5 seats in Kerala, BJP in 1, LDF in 1
► BJP leads in 2 seats, AIUDF in 1 in Assam
► AINRC leads in 1 constituency in Puducherry
► TMC leads in 5 seats in West Bengal; Mamata Banerjee’s party maintains initial lead
► Tamil Nadu Chief Minister M.K. Stalin leads in Kolathur
► BJP takes early lead in Assam
► Congress-led UDF leads in Kerala
► Tamil Nadu, TVK chief Vijay leads in the Perambur constituency, lags in Tiruchirappalli South
► BJP leads in 10 seats in Assam
► LDF candidate V.P.P. Mustafa leads in the Thrikkaripur Assembly constituency
► Out of 294 seats in West Bengal, BJP is leading in 14 seats, TMC in 12 seats, Congress in 2 seats
► Out of 234 seats in Tamil Nadu, DMK is leading in 15 seats, AIADMK is leading in 5 seats, TVK is leading in 2 seats
► Out of 126 seats in Assam, BJP is leading in 31 seats, Congress in 4 seats, AIUDF in 2 seats.
► Out of 30 seats in Puducherry, NRC+ is leading in 3 seats, Congress in 2 seats, TVK in 1 seat.
► Congress’ Adhir Ranjan Chowdhury suffers a setback in theBerhampore constituency in West Bengal.
