The police have arrested Congress leader and Kerala Pradesh Congress Committee secretary C.S. Sreenivasan on Tuesday in connection with an investment fraud case.
Sreenivasan is accused of defrauding investors of Rs7 crore through financial firms Heewan Nidhi and Heewan Finance, according to a statement from the Thrissur City police. Other directors of these companies, including Sundar C. Menon, a Padma awardee and president of Thiruvambadi Devaswom, and Biju Manikandan, are already in judicial custody regarding the case.
The investigation is ongoing as authorities work to uncover the full scope of the fraud and identify additional victims.