Crime Branch books Monson Mavunkal for fraud worth Rs 10 cr
Kochi: Cherthala native Monson Mavunkal has been booked over a money fraud worth Rs 10 cr. As per the case, he had swindled Rs 10 crores from five people by producing fake bank documents. The fake documents claimed that he hold a bank balance of Rs 2,62,000 crores. The Crime Branch has conducted a raid at his house in Kaloor.
He deceived the complainants by convincing them that Rs 2,62,000 crore was credited to his bank account and he needs Rs 10 crores to withdraw it. He assured them that if they give Rs 10 cr, he will give interest-free loans to them for starting a business. He was arrested at Cherthala on Saturday. He will be produced before the court by Sunday evening.
He was running an archaeological centre in Kochi. The preliminary investigation revealed that Monson used to treat many distinguished people at his store and he misused his VIP contacts for his fraudulent activities. The Crime Branch has also identified his relations with the movie industry and the investigation is proceeding to find any further scam that involves him.