In an ongoing investigation into the financial irregularities surrounding Gravity Ventures Private Limited, the Museum Police in Thiruvananthapuram have intensified their efforts to uncover the assets of the main accused, Biju KS, who is currently in police custody. The case continues to unfold, with another victim registering a complaint on Saturday for being defrauded of Rs 9.80 lakh.
The accused had reportedly lured the victim with promises of doubling the investment within 40 months, a scheme that has now led to a total of 18 cases being registered in connection with the fraud. The police received two more complaints on Saturday, with additional cases expected to be filed soon.
According to the police, Biju KS, who remains in custody, continues to claim that he possesses no money or assets. However, investigators are skeptical of his statements, given the scale of the fraud, which has involved the defrauding of crores of rupees from numerous depositors. Authorities are focusing on identifying his hidden assets to recover the stolen funds.
In an effort to track his assets, the police have collected call details from the past six months, but so far, they have found no leads regarding his benami properties or associates. Other individuals connected to the fraud, including Aromal Sasidharan, the general manager of Gravity Ventures, along with staff members Sreeraj and Manjusha, are still absconding. It was revealed that they approached the High Court seeking anticipatory bail, complicating the investigation.
While Biju KS is legally separated from his wife and children, the police investigation has uncovered that he had purchased an apartment in the name of a female staff member at Gravity Ventures several years ago, further raising suspicions about his financial activities.
The investigation team recently sent a formal request to the Inspector General of the Registration Department and the heads of nationalized banks to track the accused’s assets using his Aadhaar number and other personal details. This will also include an attempt to uncover any wealth associated with his family members. However, as of now, the team is still awaiting a response.
The investigation into Gravity Ventures and its fraudulent activities continues, with the authorities working tirelessly to uncover the full extent of the financial scam and bring the perpetrators to justice.