Bumper Gift for women on Varamahalakshmi festival
Mysuru Silk sarees for only Rs. 4,500: S.R Mahesh
Mysuru, June 29: Announcing bumper gift for women on the auspicious occasion of Varamahalakshmi festival, state tourism minister S.R Mahesh has offered Mysuru silk sarees for Rs. 4,500.
Speaking at a press meet organised by Mysuru district journalist’s association, minister said that,in order to provide Mysuru silk sarees for middle class people at affordable prices, the department has announced this offer and will be launched on the day of Varamahalakshmi festival.The sale will continue as per the demand, he added.
Mysuru silk saree that is the trademark of Mysuru city is being duplicated. These sarees are prepared only by Mysuru Silk Weaving Factory owned by the government and private parties are prohibited from selling these sarees. A team has been constituted to take steps against the violators of this policy, he said.
To encourage the business and stop duplication, official outlets of Mysuru silk sarees will be opened across the state and in other parts of the country and abroad, minister said.
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Three company directors held in Rs 100-crore investment fraud in Kochi
Kochi (Kerala) (PTI): Police on Sunday arrested three directors of a firm accused of cheating hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.
The accused were identified as Muraleedharan, Ashik Murali and Akhil Murali, all natives of Thrissur.
The arrests were made by the Kalamassery police in connection with a fraud involving ATCOS (Agri Tourism Cooperative Society), a firm headquartered at Pathadipalam here.
Police said the company had promised high returns by collecting investments from the public in the agricultural tourism sector, but allegedly cheated hundreds of people and fled with the money.
ATCOS was registered under the Multi-State Cooperative Societies Act and operated 13 branches across various districts in Kerala, besides a branch in Coimbatore in Tamil Nadu, officials said.
When investors failed to receive their promised returns or the invested amount, complaints were filed with the police.
Officials said around 54 cases have been registered against the firm in 32 police stations across the state, including 29 cases at the Kalamassery police station alone.
Following instructions from Kochi City Police Commissioner K S Mahesh Kumar, a special investigation team was formed under the supervision of Deputy Commissioner of Police (Law and Order) Shehensha and Thrikkakara ACP Manoj Kumar.
The team traced the accused to an apartment in Amala Nagar in Thrissur, where they had been hiding after secretly renting the flat, officials said.
The bank accounts of the accused have been frozen, and steps have been initiated to trace their assets, officials said.
Police also conducted a raid at the company’s office at Pathadipalam and seized several documents related to the case.
The accused were produced before the Judicial First Class Magistrate Court in Kalamassery, which remanded them to judicial custody and sent them to Kakkanad jail.
Police said they would seek the custody of the accused for further interrogation as the investigation continues.
