800 crore estimated fraud investment scam reported in thrissur, kerala. former CPM leader K.V.ashokan is believing Behind this big fraud scam .’ It has also been found that k v Ashoka, who retired as a senior executive from Kerala Bank, had also used his political background for luring investors for his scheme. The fraud was committed by accepting deposits by offering huge interest and laundered black money. The fraud was done by setting up seven financial institutions in several names in a span of five years. they used to taken investment in the name of online trading and banking . it is belived that About half a lakh people were victims of these cheating schemes’
Ashokan Kairali Multi State Co-operative Society accepts investments worth crores by promising government protection for black money investments. It has also been found that Ashoka is offering help to launder and smuggle money abroad and promises to make connections with ministers.
Ashoka used his relationships with ministers as inviting them to inaugurate his institutions new branches and then used these videos and pictures with them to gain the trust of investors.
During the conversation with him, he admited that , he had vast experience in banking sector and he can use his expertise in dealing with black money. He told about the profit made while investing black money in various companies., he told that a A multi-crore project is still underway. Asokan also said that he is getting financial support from the central government and at the international level.
Ashoka explained the benefits of investing in black money and ways to launder black money. Ashokan also claimed to have an account in a Swiss bank, ways to smuggle money abroad and businesses abroad. Ashokan clarified how Kairali Society’s branches are used to handle black money.
Ashokan said that keralas current Education Minister mr Sivankutty and he were together in the students federation of india, student wing of ruling political party cpim, keralaI, State Committee and he was also in the party committee and a senator in calicut univercity, Kozhikode . During the talk, Ashoka revealed that it was he who brought, current higher education minister of kerala, R Bindu into politics. Ashokan said that all the funds are safe and interest is now 13 percent. He assured that he can take blackmoney for his schemes, up to five crore rupees at a time from any place in kerala.
news courtessy..https://www.newsmalayalam.com
Author: VS NEWS DESK
pradeep blr
