In a significant development, the Kollam East police have officially registered a fraud case against a private institution accused of duping an individual of a substantial sum of money under a gold investment scheme. The action came after the Kerala State Human Rights Commission (SHRC) intervened, highlighting initial police inaction on the complaint.
Complaint Alleges Rs 15 Lakh Fraud in Gold Scheme
The case stems from a formal complaint filed by a man identified as M Abdul Majeed. He alleged that a private institution defrauded him by not returning his deposit of Rs 15 lakh made on two separate occasions under a gold-linked scheme. Despite the serious nature of the allegation, the complainant claimed that the police initially did not register a case based on his report.
Human Rights Commission Directs Police Action
Frustrated by the lack of initial police action, Abdul Majeed approached the State Human Rights Commission. Taking cognizance of the matter, SHRC member V Geetha directed the Kollam Assistant Police Commissioner to take appropriate legal steps. The commission's instruction prompted a swift review of the complaint by the police authorities.
Following the commission's directive, the Assistant Police Commissioner conveyed to the SHRC that the police had now taken definitive action. The authorities confirmed that the statement of the complainant, Majeed, had been officially recorded. Based on this and the preliminary findings, the Kollam East police station proceeded to register a formal case against the private institution for the alleged fraud.
Case Registered, Investigation Underway
The registration of the case marks a crucial step in the legal process. The police have now launched a detailed investigation into the operations of the private institution and the specifics of the gold scheme that led to the alleged financial fraud. The case underscores the role of statutory bodies like the Human Rights Commission in ensuring grievance redressal and accountability in law enforcement procedures.
This incident serves as a cautionary tale for investors, urging them to exercise due diligence before depositing large sums in schemes offered by private entities. It also highlights the importance of persistent follow-up through appropriate legal and rights-based channels when faced with institutional inaction.
