HighRich case: Rs 1673 Cr flown in through OTT platform

Kochi: In one of the biggest financial frauds in the state, the HighRich case, Rs 1,673.09 crore flowed in through the OTT platform. This was found from the cloud server data of Gipra Business Solutions in Kochi, which was managed by HighRich Software. 

The Enforcement Directorate also found that the money reached HighRich through 13 accounts in different banks. It was also revealed that many filmmakers were cheated by the HighRich owners by promising them 50 percent of the profits. HighRich online shop owner K D Prathapan was arrested. It is indicated that his wife Sreena Prathapan will be arrested soon.

Prathapan and his wife Sreena started the OTT platform when the HighRich online shop became popular. They bought a platform called 'Action OTT' and renamed it 'HR OTT'. 
The ‘Action OTT’ was earlier bought by Swapna Suresh, the accused in the diplomatic gold smuggling case, for Rs 4.5 crore from Vijesh Pillai, who was accused as a middleman.

Rs 1,422.16 crore has been withdrawn several times out of the Rs 1,673 crore that came to HR OTT as an investment. The statements of the defendants that the amount has been returned to the investors need to be clarified. The remaining Rs 250 crore is in the HighRich account.

A massive fraud has also been made on the HR OTT platform. If the site is checked, it could be seen that the OTT has 12.39 lakh members. The investigating team suspects that the producers were cheated by HighRich by exaggerating the number of subscribers. Assets worth Rs 260 crore of HighRich owners have been frozen.