PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait
Kuwait City (PTI): Prime Minister Narendra Modi on Saturday attended the opening ceremony of the 26th Arabian Gulf Cup as the chief guest at the Jaber Al-Ahmad International Stadium here, on his two-day visit to the Gulf nation, the first for any Indian prime minister in 43 years.
Modi is visiting Kuwait at the invitation of Kuwaiti Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah.
The prime minister joined the Emir, the Crown Prince, and the Prime Minister of Kuwait in witnessing the grand opening ceremony.
The event also provided an opportunity for an informal interaction of the prime minister with the leadership of Kuwait, the Ministry of External Affairs said in a press release.
Kuwait was scheduled to play Oman in the opening game of the eight-team tournament.
Kuwait is hosting the biennial Arabian Gulf Cup with participation from eight countries, including GCC nations, Iraq, and Yemen.
The tournament is one of the most prominent sporting events in the region. Kuwait has won the tournament maximum times among the participating countries.
Earlier, addressing a large gathering of the Indian community at a special event ‘Hala Modi’ at the Sheikh Saad Al-Abdullah Indoor Sports Complex in the city, Modi praised the diaspora's contribution to global growth and said that India has the potential to become the “skill capital of the world”.
“Every year, hundreds of Indians come to Kuwait. You have added an Indian touch to Kuwaiti society. You have filled the canvas of Kuwait with the colors of Indian skills. You have mixed the essence of India's talent, technology, and tradition in Kuwait,” Modi said.
The prime minister expressed happiness about the presence of Indians from diverse corners of the country in the gulf nation and called it a “mini-Hindustan.”
Modi is set to meet the Emir, the Crown Prince, and the Prime Minister of Kuwait on Sunday.
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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.
