ED arrests owner KD Prathapan in the Highrich financial fraud case. He was arrested after he was summoned to the Kochi office and questioned again. The ED found that the black money transaction was done through multi-chain marketing. Highrich company director KD Prathapan and his wife Sreena were interrogated by the ED for several days. Subsequently, KD Pratapan was arrested after being called to the Kochi Enforcement Office and interrogated again.
ED has found that Highrich Company has committed a fraud of Rs 1,157 crore under the guise of online multi level marketing. ED had earlier frozen assets worth Rs 260 crore in the case. Moreover, there are more than twenty cases against high-rich owners in the police stations of the state related to various types of financial frauds. Earlier in 14 places ED. After the raid, they were interrogated for several hours and then arrested. KD Prathapan will be produced in Kalur PMLA court tomorrow.
