Fashion Gold jewellery scam in Kerala: company MD Pookoya Thangal surrenders before court
The Hindu
Pookoya Thangal went absconding soon after many investors had alleged that they were cheated by the company after they had invested money and gold with a promise for good returns
The managing director (MD) of Fashion Gold jewellery, Pookoya Thangal, who had been absconding for 10 months after being accused in the jewellery investment fraud case, surrendered before the Hosdurg First Class Judicial Magistrate court in Kasaragod District, Kerala, on Wednesday. Former Indian Union Muslim League (IUML) MLA M.C. Kamaruddin was arrested and later granted bail in the case. However, Mr. Thangal went absconding soon after many investors alleged that they were cheated by the company after they had invested money and gold with a promise for good returns. Mr. Thangal arrived at the court with his lawyer.
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