Archive · 1 Jun 2025
Farmfed Depositors Allege Threats, New Fundraising Schemes
Some people who put money into Farmfed, a company that promised to help farmers, are saying they were tricked.
They say that after the company got into trouble, the people in charge contacted them and told them not to go to the police.
These people also started a new group chat, leaving out anyone who had complained.
They asked the people to give them even more money and said they would have a lottery where people could win money.
The people who put money in said this was just another trick to get money from them.
Depositors in the Farmfed fraud case allege they were threatened by the accused.
Accused allegedly contacted depositors to discourage legal action.
A new WhatsApp group was created excluding those who filed police complaints.
Accused are reportedly trying to raise funds through new schemes.
Police have arrested only two of the ten accused so far.
- Who
- Depositors of Farmfed and the accused in the fraud case.
- What
- Depositors in Farmfed deposit fraud case allege threats from accused and new fund-raising schemes.
- When
- Recent days.
- Where
- Thiruvananthapuram.
- Why
- To prevent legal action and potentially raise more funds from depositors.
Depositors
Accused
Contacting Depositors
Depositors
Accused are contacting depositors to influence them and prevent legal action.
Accused
Accused deny any wrongdoing.
- Involved Company
- Farmfed
- Estimated Fraud Amount
- Rs 250 crore
- Arrests Made
- Two
- Charges Against Accused
- BNS sections 406, 420
- Alleged Crimes
- Cheating, Criminal breach of trust