A couple who are the owners of ‘Hyrich’ company, accused in the investment fraud case of Rs 1630 crore, escaped the enforcement directorate officials last day. KD Prathapan, managing director of a multi-level marketing company called High Rich Online Shopee Pvt Ltd, and Kattukaran Sreena, his wife and CEO, escaped with the driver in a jeep just before the ED raided the house the other day. According to a police report released the other day, the High Rich couple has committed an investment fraud of Rs 1630 crore. Their house was raided the other day while the ED investigation was going on in the tax evasion case. But before the ED team arrived, the couple escaped in a Mahindra Thar jeep with driver Saran. It is indicated that they had received secret information about the raid.
According to the police, Heirich’s is the biggest scam Kerala has ever seen. The firm has extorted money from 1,63,000 customers. According to the police report, money chain was run in the name of online trading and illegal deposits were accepted. This massive tax evasion was done through Thrissur-based Hirich Online Shopping Private Limited. The case is that money was stolen by promising huge profits in names including crypto currency. MD of the institution. Thrissur Cherp resident K.D. Prathap was arrested. He was caught by the Kasaragod intelligence wing of the state GST.
In another case, Pratapan was out on bail. Highrich Company has 78 branches all over Kerala and 680 branches all over India, according to the police report. Cryptocurrency trading has been conducted in 80 foreign countries. 12 lakh people are in Heirich’s OTT. Since many technical matters are involved, the Cherp police have also requested for technical assistance and more time for the investigation. The police report also indicated that central agencies should take over the investigation. ED With the arrival of Heirich, the case will become more complicated. The investment was initially accepted under the name of Answara Traders’ grocery business.
