Padma Shri awardee arrested for financial fraud in Kerala
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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MP well collapse: Rescue ops on for 2nd day to save three trapped persons
Chhindwara (PTI): Hectic efforts continued for the second day on Wednesday to rescue three labourers trapped under the debris after an under-construction well caved-in at a village in Madhya Pradesh's Chhindwara district, police said.
Teams of the State Disaster Emergency Response Force (SDERF) and National Disaster Response Force (NDRF) were making all efforts for the last 16 hours to rescue the three persons, including a woman, at Khunajhir Khurd in the district, Collector Sheelendra Singh said.
The rescuers were continuously communicating with the trapped persons, he said.
The incident took place in the village late Tuesday evening, officials said.
Those trapped under the debris have been identified as labourers Shahjadi Khan (50), her son Rashid (18) and nephew Bashid (18), according to officials.
