THRISSUR: The questioning of Praveen Rana, who was arrested in connection with the Safe and Strong multi-crore investment fraud, according to the order of Thrissur additional sessions court has commenced. Examination for investment fraud will happen in the following days. Custody of Praveen has been granted for 10 days. Rana's bail application which was submitted along with the custody application was rejected by the court.
Owners of vehicles that were taken into custody were also questioned. 7 vehicles were taken into custody. Police are speeding up the process of questioning and examination to wrap it up within 10 days of having custody of Praveen. The questioning is based on the records collected from Praveen Rana's office. In the first round alone police raided 21 locations. Houses, offices, and institutions linked with the accused, located in the districts of Thrissur, Ernakulam, Alappuzha, Kottayam, Thiruvananthapuram, Palakkad, Kozhikode, Kannur were searched. Police will search for answers related to these documents.
It was proved that more than 130 crores were collected from multiple accounts. There is no clarity on how this money was spent. Only by knowing Praveen Rana's current investments can this amount be recovered. Although an investigation into current assets has been made, only a small amount has been recovered yet. Police have updated that strong pieces of evidence against Rana have been collected so far.