The District Police Chief D. Shilpa has transferred cases of cheating registered against Manjeswaram MLA, M.C. Kamaruddin and Pookoya Thangal, Chairman and Managing Director respectively of Fashion Gold jewellery, to the district Crime Branch on Sept 06, 2020. Earlier last week the Chandera police registered three cases against the MLA and Pookoya Thangal, based on a complaint lodged by three people who alleged that they were cheated of ₹34 lakh deposited in the Fashion Gold jewellery shop at Cheruvathur. Three branches of Fashion Gold jewellery were closed in January last year following losses. Since August last year, investors have not been paid dividends. Since then, 12 cases had been registered in various police stations in the district, the decision to transfer the cases to the district Crime Branch was taken as more cases emerged against the duo. Cheque bounce case On Sunday, it came to light that the Kanhangad magistrate court has issued notices to the MLA and Pookoy...

  Popular Finance Pvt Ltd is a successfully functioning Gold Loan firm established in 1965, by founder Chairman  T. K. Daniel , having the registered office at Vakayar, Pathanamthitta District of Kerala State. From its humble beginning, POPULAR had a steady and rapid growth. Later on it ventured into several business activities. Hence POPULAR is a conglomeration of various business concerns. The entire sister concerns support the parent organization by returning profits regularly. POPULAR has been accepted by its customers as a synonym for stability and reliability. Their services included Gold loan, Money transfer, Insurance, PAN Card service, Cellular Service, Air Tickets & VISA processing The family shut the company’s registered office in Vakayar and went absconding by Aug 27, 2020. Based on complaints from the investors, Konni police registered a cheating case against Daniel and his wife Prabha. The company owes money to over 1,500 people including NRI investors. Po...

  Sabu Jacob certainly has a few anxious months ahead of him(October 11, 2020). But it’s not because there is a global pandemic wreaking havoc across businesses small and big and jeopardising economies worldwide. He runs what he describes as a recession-immune business, that of kids apparel. His company, Kitex Garments, a Kerala-based exporter of kids wear, is the world’s second-largest manufacturer of apparel and sells to some of the world’s biggest retailers including Amazon, Walmart, Gerber, Mothercare, Carters, The Children’s Place and Target, among others. With one centralised manufacturing facility, Kitex export a million units of kids wear a day to over 28,000 stores in the US. Our nearest competitor is a Chinese company that has over 15 manufacturing facilities.” Today, almost 99 percent of the company’s products are sold to the US market, with just 1 percent going to European markets. Kitex Garments is part of the larger Anna-Kitex Group, run by Sabu and his older broth...