Fashion Gold scam: ED arrests former IUML MLA Kamaruddin, jewellery MD Pookoya Thangal

Kozhikode: Senior Indian Union Muslim League (IUML) leader and former MLA M C Kamaruddin, along with managing director of Fashion Gold T K Pookoya Thangal, has been arrested by the Enforcement Directorate (ED) in connection with alleged illegal financial transactions. The ED held both individuals two days ago and later obtained judicial approval for further custodial interrogation.

The case pertains to financial irregularities linked to Malabar Fashion Gold, with a total of 210 cases registered against Kamaruddin and Pookoya Thangal across various police stations in Kerala. Investigations are ongoing in all these cases, and charge sheets have already been filed in the majority of them.

According to ED sources, their arrests, which were formally recorded on April 7, follow an investigation based on these police cases, during which evidence reportedly emerged indicating their involvement in money laundering activities. 

On Tuesday, both were presented before a Kozhikode court, where the ED sought two days’ custody for detailed interrogation. The court granted the request, and questioning is currently underway at the ED office in Kozhikode.

M C Kamaruddin is a former MLA from Manjeshwaram and a member of the IUML’s state committee.