Thiruvananthapuram: Chief Minister Pinarayi Vijayan said that 4,741 cases registered in connection with a popular financial fraud has been taken over by the CBI.
Replying to the submission in this regard by opposition leader VD Satheesan, the chief minister said that at present the special teams CBI is investigating the case and in accordance with the communiqué received from the agency on September 30, including 15 vehicles, including 15 vehicles, including 15 vehicles, including 15 vehicles, including 15 vehicles have been seized and detained, and details of land in the ownership of which has been taken over will be informed to the next state.
As part of the process, the government has appointed former home secretary Sanjay M Kaul and former Secretary of the Treasury (Resource) Gokul as a competent authority, in accordance Law banning unregulated Deposit Scheme, 2019 (shoots).
The government has also told the district and sessions court in each district as a court hearing under the Act Buds.
All branches of the popular finance has been closed and all assets and transactions have been frozen and the report has been handed over to CBI, he said.
The Chief Minister said that the government would ensure all necessary cooperation to the inquiry in this case, and will take the necessary steps to overcome the problem of the victims of financial fraud.
Popular financial fraud related to the finance company based in Pathanamthitta are put off investors after receiving deposits to tune of Rs 532 crore.
When the case was under probe in various police stations, the High Court had on November 23 last year ordered the submission of the case to the CBI.
Some 30,000 depositors studied losing their money after depositing money in the company.
CBI has taken over 4,741 cases against popular finance: Kerala CM Pinarayi Vijayan
