Representational image | Photo: ANI
Kannur: As Pakistan connections of the accused in the investment scam at Kannur Urban Nidhi Limited surfaced, the Special Investigation Team sent a letter to the Enforcement Directorate requesting a detailed probe.
The financial firm has allegedly attracted over 100 investors promising high interest rates. Police also found that the third accused Chagarankulam native Shoukat Ali, a director of the Urban Nidhi Limited, had whitened black money worth Rs 80 crore in the name of arecanut exports to Pakistan. Police commissioner Ajith Kumar has requested the Enforcement Directorate to conduct further probe over this.
Police will hand over the details unearthed regarding the financial frauds carried out via two enterprises- Urban Nidhi and Any Time Money.
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