Thrissur: In response to a major financial scam, the Thrissur District Collector has issued an order to confiscate the assets of ‘Pooram Finserv Pvt Ltd,’ which has allegedly swindled around Rs 200 crores from numerous individuals. The company attracted funds by promising a high-interest rate of 12 percent. The directive, executed under the BUDS Act, includes the confiscation of properties belonging to Anil and Sunil, the directors of the firm.
The company reportedly duped over 3,000 people, enticing them with the prospect of a 12 percent interest rate and other benefits upon investing. Following complaints from the victims, the crime branch initiated an investigation. Subsequently, the District Collector has taken action by ordering the seizure of properties. The order also mandates the freezing of all accounts and fixed deposits held with the bank, treasury, and cooperative societies of the accused. A notification will be sent to all bank managers in the district regarding this matter.
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