Financial fraud allegation: Case registered against former MLA Pramod Narayanan

ALAPPUZHA: Police have registered a case against former MLA Pramod Narayanan over allegations of financial fraud. The case was registered based on a complaint filed by a resident of Nooranad, who alleged that he was induced to invest Rs 25 lakh in a private firm after being promised shares and a high dividend. Pramod Narayanan is the second accused in the case.

The complainant allegedly invested the money during 2014-15. Nooranad police said the investigation is at a preliminary stage and that the details would become clear only after further inquiry.
Meanwhile, Pramod Narayanan termed the complaint baseless. He said he had resigned from the private firm's board of directors in 2021. He also said the company's authorities had approached the police, stating that the complaint was false.