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Enforcement Directorate raids Manappuram Finance offices in Kerala

The Enforcement Directorate (ED) today raided the headquarters and offices of Manappuram Finance in Kerala in connection with an alleged money laundering case against the non-banking financial company, reports said.

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Manappuram Finance in Kerala

The Enforcement Directorate (ED) today raided the headquarters and offices of Manappuram Finance in Kerala in connection with an alleged money laundering case against the non-banking financial company, reports said.

According to reports quoting official sources, the ED conducted raids at four offices of Manappuram Finance across Kerala, including its headquarters in Thrissur and the home and office of its promoter VP Nandakumar.

They said the raids are part of the central probe agency’s investigation against the financial company for allegedly contravening Reserve Bank of India (RBI) guidelines and collecting public deposits worth over Rs 150 crore, adding that ED—which probes financial crimes—is investigating Manappuram Finance for alleged money laundering and the searches were undertaken to gather evidence in the purported case.

The sources claimed that the ED is looking at gathering documents and recording statements of the company executives in connection with its suspicion that the company has made “large-scale” cash transactions by violating KYC regulation set by the RBI, as per reports.

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They said that the financial crimes’ probe agency is investigating Manappuram Finance for money laundering but it unclear yet if a case has been filed in this regard by the ED.

A response from Manappuram Finance wasn’t available when this report was filed.

Meanwhile, the shares of the non-banking financial company slumped by 10 percent as the news of the ED raids at its premises broke.

Mannapuram Finance, a non-banking financial company with a significant foothold in South India, has been providing a myriad of financial services for the past over thirty years and some of its services including gold loans, housing loans, microfinance, among others.

The company had recently announced that it was considering various options for raising funds through borrowings, including issuing debt securities on onshore and offshore securities markets by public issue, private placement, or through commercial papers.

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Kerala News

Wayanad MP Rahul Gandhi visits LS constituency, meets families of elephant attack victims

Before his departure to Allahabad, Gandhi will join district officials for an assessment and review meeting at the PWD rest house in Kalpetta.

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Congress leader and Wayanad MP Rahul Gandhi on Sunday visited his Lok Sabha constituency and met the families of the two victims of the recent wild elephant attacks in this high-range district and consoled their family members.

On Saturday night, Gandhi arrived in the neighbouring Kannur district after abandoning his Bharat Jodo Nyay Yatra in Varanasi due to intense protests by locals, who were seeking solutions to the human-animal conflicts in his constituency. He then travelled by road to Wayanad, accompanied by AICC General Secretary K C Venugopal and other local leaders.

During his visit, Gandhi spent over 20 minutes at the house of Aji (42), who was trampled to death by a radio-collared elephant in the Mananthavady area of Wayanad district. This incident triggered massive protests also last week.

Subsequently, he paid a visit to Paul’s residence, an eco-tourism guide from the forest department who tragically lost his life to a wild tusker near Kuruva island on Friday, and spent some time there. Additionally, the MP is anticipated to pay a visit to the house of Prajeesh, who tragically lost his life in a tiger attack.

KC Venugopal, a member of the Congress Working Committee, accompanied Gandhi. After the meeting, the bereaved families spoke to news reporters and expressed their concerns about the ineffectual response of the Forest Department to wild animal threats, as well as the lack of facilities for specialised care in State-funded hospitals in the district.

Before his departure to Allahabad, Gandhi will join district officials for an assessment and review meeting at the PWD rest house in Kalpetta.

There have been frequent reports of attacks on both livestock and humans in Wayanad recently. On Saturday, there was a violent escalation during the hartal organised by political parties to protest the rise in wild animal attacks.

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Kerala Governor Arif Mohammed Khan stages sit-in protest as SFI members wave black flags at him, blams police failure

The Kerala Governor has accused the police of their failure to control the protesters and failing to stop them from waving black flags at his convoy.

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Kerala Governor Arif Mohammed Khan staged a sit-in protest on the roadside in Kollam district as Student Federation of India (SFI) members waved black flags at him. The student wings belong to the ruling party CPI(M).

The Kerala Governor has accused the police of their failure to control the protesters and failing to stop them from waving black flags at his convoy.

In a video, he could be seen angry at law enforcement saying he would not leave the place. Police are giving them protection, he accused police present at the spot as SFI activists held a protest against him.

The Governor further questioned the police for their mismanagement and said if the police itself is breaking the law, who will uphold the law, he asked.

Later, police registered a case against 13 SFI workers under Section 143 unlawful assembly, Section 144 says the power to issue an order in urgent cases of nuisance or apprehended danger, Section 147 punishment for rioting, Section 353 assault or criminal force to deter public servant from discharge of his duty, Section 124 assaulting Governor of Indian Penal Code.

The SFI workers claimed that the Governor called them bloody criminals and stated that the student body is unwilling to make any compromises.

An employee of SFI alleged that individuals who were recommended by K Surendran from the BJP office were appointed to the senate without any qualifications. As a result, SFI has been organizing state-wide protests against the governor for several months now. Today’s protest was also a part of those ongoing protests.

The governor allegedly called the protestors bloody criminals, which has further triggered SFI. In response, they have decided to demonstrate their power of protest by organizing rallies and marches across the state. SFI wants to send a message that they are not willing to compromise on their demands.

There has been a conflict between the Pinarayi Vijayan government and Arif Khan. SFI activists have been protesting against the Kerala Governor, accusing him of promoting BJP-RSS nominees to the senate of various universities in Kerala using his authority as the Chancellor of universities in the state.

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Kerala News

Viral: Kerala groom arrives for wedding riding camel, police register case

Kerala Police registered a case against a groom who arrived for a wedding on a camel.

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Kerala Police registered a case against a groom who arrived for a wedding on a camel. According to reports, a groom caused traffic obstruction by riding a camel during the wedding procession.

A video of the groom is going viral on social media platforms where it can be seen that a groom riding a camel surrounded by his companions, creating a ruckus, disturbing fellow citizens and violating traffic rules.

In a strange case, police in Kannur, have also registered a case against 25 companions apart from the groom.     

The charges have been, unlawfully gathering as a group, causing disturbance to the public and obstructing traffic.

Rizwan, the groom, is from Valapattanam in Kannur. On January 14, while leading his wedding procession to the bride’s home, he rode a camel. A complaint was filed with the police against the procession, claiming that it caused traffic congestion.

Several vehicles, including ambulances, were stuck in the jam. The complaint also mentioned the use of smoke guns in the procession, which blocked the view of fellow passengers.

Upon facing a traffic jam, an ambulance got stuck, prompting locals to alert the police. The authorities arrived and instructed the groom to dismount from the camel he was riding. Two individuals who accompanied the groom questioned the police, leading to their arrest. The pair were eventually released after receiving a warning.

In 2020, during the CAA protest, an unusual protest was witnessed in Kerala where a groom arrived at his wedding ceremony riding a camel holding an anti-CAA poster in his hands.

The pictures and videos of the incidents were widely shared on the internet. Then, to bring the attention of the government towards the protest, people came up with unique ideas to register their protest against the government.

Delhi’s Shaheen Bhagh, the centre for the protest against the CAA, captured the attention of the global citizens.

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