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Man promises huge gains, dupes people of crores
The New Indian Express Kochi
|December 16, 2024
Police book the accused, an active partner of a hostel chain, and four of his employees
AN OWNER of a prominent budget-friendly hostel chain in Kochi is under investigation for allegedly duping several people of crores of rupees after luring them with false promises of huge profits and making them invest in opening "new branches".
The Elamakkara police have lodged multiple cheating cases against Sayid M K, 50, an active partner of the hostel chain having separate stay facilities for women and men, and four of his staff. The native of Thekke Trikaripur in Kasaragod is absconding.
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