Cops to review Nirmal Krishna chit fund scam case

THIRUVANANTHAPURAM: A joint meeting of Kerala and Tamil Nadu police will be held in Chennai on Tuesday to review the progress of the Nirmal Krishna Nidhi Limited scam as the police are  facing flak for the delay in nabbing the key accused even a month after the case came up. According to sources, a team comprising Crime Branch IG S Sreejith and SP anti-piracy cell B.K. Prasanth will attend  the meeting with Tamil Nadu ADGP (Economic Offence Wing) Sunil Kumar Singh and other senior officers.

The meeting would decide  further steps to be initiated for nabbing the key accused, especially K. Nirmalan  alias Nirmal Krishna, as well as to confiscate his assets. The Tamil Nadu Economic Offence Wing probing the case arrested three accused persons the other day, taking the total number of arrests to five. One of the directors of the firm, Ajith Kumar, and  two employees Raveendran and Sekharan Nair, were arrested. The police hope  to get more details of benami properties of the firm from the accused.

Meanwhile, the receiver appointed by a local court here in the matter would seek the details of the properties being seized. Though retired judge D. Premachandran was initially appointed as the receiver by the first additional sub-court after Nirmalan filed an insolvency petition, he refused to take up the responsibility. Subsequently advocate A.P. Ajayan was appointed as receiver. The Tamil Nadu police reportedly seized about 650 sovereign gold, about Rs. 40 lakh in cash and several vehicles from various branches of Nirmal Krishna Nidhi Limited as well as other firms owned by the key accused in Kerala – Tamil Nadu border areas near Parassala.