Archive · 19 May 2025
Police Book Society Members for Alleged Financial Fraud
The Museum police have started investigating the Southern Green Farming and Marketing Multi-State Co-operative Society for tricking people.
The society, run by a chairman and board members, promised high interest rates to get people to deposit money.
They took the money but didn't pay the interest or give the money back.
Police are looking for the people in charge, who are from Ernakulam.
They had permission to operate across the state.
The police have received complaints from three people, and they believe more will come forward.
A 71-year-old woman explained how she deposited money expecting high returns, but did not get it back.
The society used agents to attract people to invest.
The police are currently searching for the accused.
Museum police booked the chairman and board members of Southern Green Farming Society.
The accused are charged with defrauding people by offering high-interest rates.
Depositors did not receive promised interest or their principal back.
Police are searching for the accused from Ernakulam, who possessed a license.
Complaints have been filed by depositors, with more expected.
- Who
- Museum police, the chairman, and board members of Southern Green Farming and Marketing Multi-State Co-operative Society, and depositors.
- What
- The Museum police booked the chairman and board members for allegedly defrauding several people.
- When
- From March 2023 to October 2024.
- Where
- Thiruvananthapuram, at Sasthamangalam, and Ernakulam.
- Why
- The accused allegedly offered high interest rates to deceive people into depositing money.
- Investigating Agency
- Museum police
- Offending Society
- Southern Green Farming and Marketing Multi-State Co-operative Society
- Location of Accused
- Ernakulam
- Alleged Interest Rate
- 12.5%
- Charges
- Sections 406 (criminal breach of trust) and 420 (cheating) of the IPC