An investment fraud has been reported from Kunnathukulam in Kottayam. The fraud is said to be worth crores of rupees. The investors who were cheated have started protesting against the fraud. The victims have decided to carry on the protest until the accused are arrested.
The owner of Kunnathuparappil financiers, Viswanathan, had approached the court asking to be declared bankrupt after being in debt of almost 200 crore rupees. The investors came to know about the fraud after the owner approached the court. The investors were reportedly not able to meet the owners in order to get their money back. Following which the investors approached the police, but no arrest has been made yet.