Kozhikode: The Enforcement Directorate(ED) confiscated assets worth Rs 19.6 crores in the ‘Fashion Gold’ fraud case involving Muslim League leader and former Manjeswaram MLA M.C. Kamaruddin and others.
ED wrote on X that immovable properties owned by Chairman of Fashion Gold Group – MC Kamaruddin, Managing Director TK Pookoya Thangal and family members of the two, have been confiscated. Kamaraddin has spent time in jail in early days when the scam came to be known.
The company was first registered in 2006 by the name “Fashion Gold International” with its address at Tawakkal Complex in Chandera, Maniyat, Kozhikode. Four more companies were subsequently registered in the years 2007, 2008, 2012 and 2016. All these were registered to the same address. However there was only the original “Fashion Gold International” housed in Chandera’s Thawakkal Complex.
The investments in Fashion Goldare said to have been managed by office bearers of the Muslim League and those associated closely with the party. The scam came to light when people failed to get their monies back despite repeated asking over a period of time and took the matter to police.
