Despite highest literacy charge, Keralites maintain falling prey to fly-by-night operators

Thiruvananthapuram, Jan 14: Even although Kerala has the very best literacy charge within the nation, individuals of the state maintain falling prey to fly-by-night operators.

In the previous 5 years, Keraliites have misplaced over Rs 6,000 crore to fly-by-night corporations.

Praveen Rana, who was the star within the state for previous one yr when he was heading an funding and advertising firm at Thrissur, is presently behind bars since Thursday as his firm has gone bust leaving anxious buyers who had invested round Rs 200 crore.

Rana’s modus operandi was to be seen within the presence of the be all and finish the entire states politics, movie trade and media personnel, and thus took “literate” Keralite’s right into a excessive.

Among those that had been seen honouring him embrace none apart from celebrity Mammootty, high flight state Ministers like Ok.N. Balagopal, Antony Raju, State Congress president Ok. Sudhakaran, former Chief Minister Oommen Chandy and John Brittas, Rajya Sabha member and one who heads the CPI-M backed TV channel.

Other media homes like Reporter TV and Media one additionally had honoured him.

Popular media critic Roy Mathew mentioned it is most unlucky that on the one hand Kerala speaks about highest literacy charge and alternatively falls into such individuals’s fingers.

“This is nothing but greed as frauds like Rana was offering a staggering 48 per cent return on investments. Also none should forget that Kerala is one state where commercial banks have deep network and branches are there practically everywhere. I personally feel there needs be no sympathy to people who have lost money as knowingly they have walked into traps set by people like Rana,” mentioned Mathew.

He mentioned “The media is also a major culprit as it gives all the support to these fly-by-night operators.”

Former high Kerala Police officer Subhas Babu mentioned one purpose why that is occurring at frequent intervals is due to the “flaws” in registering circumstances and additional observe up actions.

“You just look into the number of financial frauds that have taken place in the state. One classic case that took place long back was with regards to investment taken for rearing goats. The person was arrested and the next we hear that the very same person was engaged in recruiting people to Germany and UK by taking money. A proper registration of cases and a correct follow up to a major extent can bring down the frequency of such frauds happening,” mentioned Babu, who in his official profession, had probed a couple of such circumstances.

Despite highest literacy charge, Keralites maintain falling prey to fly-by-night operators IANS 14 January 2023 Post Your Comments

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