Two courts are coming up in Kerala to hear financial and investment fraud cases. One is in Alappuzha and the other is in Thrissur. Fraud cases in the southern districts will now be heard in Additional district court three in Alappuzha and the cases in northern districts will be heard in the Thrissur district court three.

Despite the enactment of strong laws, there is no dearth of investments and financial fraud in the state. In this cirucmstances, coming of special courts gives the opportunity to settle cases quickly and thereby protect the interests of investors. Victims of fraud can easily get relief if the police and the prosecution show good diligence.

The recent popular finance scam has affected around 20,000 people in Kerala and abroad. Thousands of people who had invested their livelihoods in this company got cheated after falling for the bait of high interest rates. The vast majority of investors are ordinary persons. Most of them have invested for their future big needs.
There are those people who have invested after selling the sale of property and those who have invested the entire retirement benefit. According to police, the owners of the company were unwittingly diverting their investments for selfish gain.

It is only natural that the question arises as to why people go after such companies when there are so many other safe investment avenues. Many people lend their savings to finance companies because they are attracted to the high interest rates offered on investments. Very low bank interest rates on deposits are increasing the acceptance of private financial institutions tenfold.

People need to be aware of the new law, abbreviated as Buds, brought in by the Center to protect the interests of investors and catch fraudulent companies. BUDS is Banning of Unregulated Deposit Rules, that came into effect in 2020. Investigative agencies should also have an eye on companies that offer large interest rates. There is a stipulation that all financial institutions, large and small, must register under the BUDS Act.

If there is a complaint of investment fraud, the police should immediately investigate and take action. Investor interests can be protected to some extent if immediate action is taken to close the company and freeze its assets.

An MLA is facing various cases in various districts, including a gold jewellery investment scam. Most of the victims are ordinary citizens. The fact that no one is learning, no matter how many lessons are in front of them, gives fraudsters a chance to thrive. Everyone should understand that the safest way is not to fall into the trap of fraudulent companies.