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TaxTMI 
ED questions Muthoot Group MD in investors 'fraud' case
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....D questions Muthoot Group MD in investors 'fraud' case<BR>PMLA / Black Money<BR>Dated:- 10-10-2025<BR>PTI<BR>Kochi, Oct 10 (PTI) The Enforcement Directorate (ED) on Friday questioned George Alexander ....
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....Muthoot, the managing director of the Kerala-based Muthoot Group, in a money-laundering case linked to an investors fraud case, official sources said. The Kochi zonal unit of the ED has filed a case ....
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....under the Prevention of Money Laundering Act (PMLA), taking cognisance of a clutch of FIRs lodged by the Kerala Police. The police complaints allege that the accused, primarily Muthoot Finance branch....
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.... managers, lured investors with the promise of returns in the range of 8 to 12 per cent on certain fixed deposits and non-convertible debentures (NCDs), but "diverted" the funds to a company named Sre....
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....i Equipment Finance Limited. This company was "misrepresented" as a sister concern of the group, the sources said. Due to this, the investors faced non-repayment of funds upon maturity and hence, we....
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....re cheated, they added. The ED had summoned Muthoot to depose at its office here and recorded his statement in the case, the sources said. PTI NES RC<BR> News - Press release - PIB....