NEW DELHI: Muslim League MLA and key accused in jewelry fraud case, M. C. Kamaruddin, owns 200 acres of land along Kerala - Karnataka border.
Enforcement Directorate(ED) seized documents showing transactions toward the tucked-away property which took place in December of 2019. The records came to light when involved parties interrogated by ED admitted that, the properties in question belonged to League MLA. Kamaruddin had informed his party of the land deals - a reason why League in its press conference said there were properties the MLA owned in Karnataka which would be disposed to pay back depositors’ monies.
The probe surrounds Rs 150 crore which the MLA is believed to have swindled from 800 people who made deposits in his jewelry business. The probe is currently progressing. Earlier information on house-plots worth Rs 10 crore purchased by the MLA in Bengaluru had been released
Funds raised by the way of deposits were meant for gold investments. Instead, the MLA funneled them into his personal real estate - an illegal diversion that ultimately doomed the original jewelry business.
