India Today CENTER (0.0) Reliability: 7.0/10

ED's Noose Tightens: Muthoot Group MD Grilled In Major Investor Fraud Case!

📅 October 11, 2025 12:00 AM 🕐 Scraped: October 11, 2025

Summary: This special report focuses on the Enforcement Directorate's (ED) money-laundering investigation into the Kerala-based Muthoot Group, which led to the questioning of its Managing Director, George Alexander Muthoot. The police complaint alleged that branch managers 'lured investors with the promise of returns in the range of 8% to 12% on certain fixed deposits and non-convertible debentures'. The ED probe, initiated after multiple FIRs were filed by the Kerala Police, is examining allegations that funds were illicitly diverted to a separate entity, Srei Equipment Finance Limited, which was misrepresented as a sister concern of the Muthoot Group. This led to investors being cheated when they faced non-repayment of their funds upon maturity.

This special report focuses on the tragic deaths of two Indian Army paratroopers, Lance Havildar Palash Ghosh and Lance

📰

Continue Reading on India Today

This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.

Read Full Article →

How do you feel about this article?

Read Original Article →

📝 Article Information

Author

Not specified

Original Publisher

🌍 India Today

CENTER Bias (0.0)

Published Date

October 11, 2025 at 12:00 AM

ℹ️

Disclaimer

ArkforgeAI.com - Newsource is a news aggregation platform. We do not create, write, or produce original news content. All articles are sourced from their respective publishers and remain the property of their original creators. We analyze and aggregate news from multiple sources to provide diverse perspectives across the political spectrum.

The content displayed here is for informational purposes only. For the complete and original article, please visit the source's website using the "Read Original Article" link above.

Desktop Only