THIRUVANANTHAPURAM: The government confiscated the company's assets in the Fashion Gold scam case. The properties in the name of MD T K Pookkoya Thangal, chairman and former MLA of Muslim League M C Kamaruddin and others were confiscated. The competent authority under the Unregulated Investment Schemes Prohibition Act has issued an order in this regard. The action is based on the report of crime branch SP P P Sadanand.

The Fashion Ornaments Jewelry building located in Payyannur town, one acre land bought in Pookkoya’s name at Silikunda Village in Bengaluru, land bought in Kasargod Town for Qamar Fashion Gold Jewellery, land in the name of Pookkoya in Maniyat, 17 cents of land in Udinur in the name of Kamaruddin and 23 cents of land in the name of Kamaruddin's wife were confiscated.

The crime branch had earlier raided the houses of Kamaruddin and Pookkoya. Nearly Rs 150 crore were collected from 800 people in the name of Fashion Gold. Fake certificates were given to the investors. Fashion chairman Kamaruddin and MD Pookkoya had registered five companies to lure investors. The first company was registered in 2006. Other companies were later registered in 2007, 2008, 2012 and 2016. Though all the companies were registered under the same address, none other than Fashion Gold International was in Maniyat.

The investors were duped after making them believe that it was an organization run by those close with Muslim League office-bearers and the League. When the leaders did not keep their promises, they lodged a complaint.