THRISSUR: Huge investment fraud in Irinjalakuda. A huge investment fraud of Rs 150 crore was committed under the guise of share trading. The fraud was committed by promising a profit of Rs 30,000 to half a lakh per month if a deposit of Rs 10 lakh was made. The complaint is against a share trading firm called Billion Bees, which was based in Irinjalakuda.

Based on the complaint of 32 people, the police have registered a case against the company's managers Bibin K Babu, his wife Jayatha Vijayan, and his brothers Subin K Babu and Libin. Bibin K Babu and his brothers are absconding. The complaint alleges that the owners of Billion Bees embezzled more than Rs 150 crore from the 32 people.

The owners of Billion Bees had made an agreement with the complainants that if the money invested was demanded back, it would be paid within two to three days and a share of the profit would be paid every month. They had assured that they would pay the investors every month whether the company was in profit or loss. As proof of this, a check signed by Bibin, Jayatha, Subin, and Libin was also given to the investors. The complaint states that when the dividends stopped after a few months, the investors came to ask for their money back but were threatened by the company owners, who later fled to Dubai. An investigation has been launched into the incident.