Kerala: There has been no verdict regarding the infamous Kasargod gold scam
Kerala: There has been no verdict regarding the infamous Kasargod gold scam
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The infamous Kasargod gold scam is taking many twists and turns. It has been almost a month since the Kerala police filed a deception case against some Indian Union Muslim League (IUML) officers from Kasaragod, including Manjeswaram MLA M C Khamarudheen and spiritual leader T K Pookkoya Thangal, for their involvement in a jewellery deposit scam. Other than the political attack game, no major discoveries have taken place in the case during the period and this has diminished the hopes of hundreds of the scam victims.

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In 2006, MLA Kamarudheen, along with others, commenced a jewellery business called Fashion Gold International, which was recorded in Cheruvathoor, Kasaragod. Khamarduheen was the chairman and Pookoya Thangal, who is also a district committee member of IUML, was the director of the company. Within six years, three more gold jewellery companies were formed under the same address. It is calculated that the companies have raised a fund of around Rs 140 crore from more than 750 persons, majority of them being Muslim League supporters and their relatives.

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The jewellery showrooms, however, were shut down in December 2019, and Kamarudheen and Pookoya Thangal failed to return the deposits to investors. About 749 investors are yet to get their money back.  There were reports in the initial stage of the investigation that the special investigation team (SIT) of Kerala police, led by Kasaragod police chief Shilpa Dyavaiah, would question Kamarudheen and Pookkoya Thangal. But, the accused are yet to be interrogated. 

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