The police have launched a comprehensive investigation into the alleged amassing of wealth by six persons who were arrested in connection with the illegal availing of loans from various branches of the Kerala State Financial Enterprise (KSFE) using fake title deeds. The decision to proceed with the probe was taken following the recent arrest of Aneesh Rashid, a Manjeri native who was a close relative and the close aide of prime suspect N. Niyas Ali.
According to police sources, the suspect purchased several hectares with the money they secured from KSFE with forged title deeds. The majority of the properties were purchased from land holders in Karnataka. Investigation team members confirmed that they had evidence to prove the purchase of around 50 acres in Karnataka’s Gundlupet.
The police have so far registered over 30 cases against suspects in fake title deed cases in Kozhikode district alone. The major portion of the fund was secured from the KSFE branch at Engappuzha. Of the total cases, around 20 are under investigation by the Chevayur police.
