CBI nabs absconding accused from airport

He is involved in five economic offences cases

The Central Bureau of Investigation (CBI) has arrested an absconding person, who was wanted for his involvement in five cases (economic offences) after he was deported from Riyadh, on his arrival at the Cochin International Airport. The cases were registered by the CBI in Chennai. The agency had issued a ‘red notice’ through INTERPOL against him. He was produced in court here on Sunday. It had registered five cases on the orders of the Kerala High Court and took over their investigation from the Kasaragod police. In four cases, it was alleged that the accused and others had floated a company based in Kasaragod, made false promises and representations / declarations to the public on the assurance of return of investment with much higher / exorbitant rate of interest after 61 days of the investment and also promised to pay a commission of 2% monthly to the agents who had mobilised investments for the company.