ED arrests directors of Kerala-based firm for cheating 3,000 people to tune of Rs 1,000 Crore

The Enforcement Directorate arrested directors of Kerala-based Popular Finance, Thomas Daniel and Rinu Mariam Thomas, for allegedly cheating over 3,000 people to the tune of Rs 1,000 crore.

The Enforcement Directorate arrested directors of Kerala-based firm Popular Finance, Thomas Daniel and Rinu Mariam Thomas, for allegedly cheating over 3,000 people to the tune of Rs 1,000 crore. Both the accused were sent to ED custody till August 18. The ED had initiated its investigation on the basis of more than 180 FIRs registered by Kerala Police. According to the FIRs, about 3,000 depositors had been cheated.