tightening screws
According to the news, the big businessman of United Arab Emirates (UAE) and the Managing Director of LuLu group of Malls Owner M.A. ED has sent summons to Yusuf Ali (MA Yusuff Ali) for questioning. It is said that he will be questioned in a case related to corruption and money laundering. It has been reported quoting the sources of the investigating agency that earlier on March 1, summons was sent to the businessman for questioning. But at that time Yusuf Ali was in Abu Dhabi. Therefore, he could not participate in the process of interrogation. Now a second summon has been sent by the Central Investigation Agency ED.
Wires connected to Life Mission Scam?
It has been reported quoting ED sources that he will be questioned in the Life Mission Scam case. Therefore, on March 16, he has been summoned by the ED for questioning (Summons to Yusuff Ali). This process of questioning will take place at the ED office in Kochi, Kerala. Still waiting for more detailed news.
Lulu Mall Owner: Who is Yusuf Ali, the owner of Lulu Mall who created the crowd record on the very first day?
are residents of Kerala
M.A. Yusuf Ali is an Indian businessman originally from Nattika, Kerala. During the last several years, he has established a huge business empire in many other countries including Dubai. During the last 30 years, Yusuf Ali and his company Lulu Malls are known in India and abroad for setting up Multi Chain of Malls in UAE.
what is the charge
According to reports, the Managing Director of Lulu Group (Emke LuLu group) M.A. Yusuff Ali is accused of illegally sending around Rs 300 crore abroad through the Life Mission scheme. This matter is related to the time when there was flood in Kerala in the year 2018. At that time a lot of money came from abroad to help the residents of Kerala. Funds from abroad were to be used to bring back the lives of the poor who had lost their homes due to the floods. But in the guise of the same, fraud worth crores of rupees was allegedly carried out by many people. The Life Mission funds received for the people were rigged. The central agency is now probing the same.
CBI has already registered the case
The Central Investigation Agency CBI has registered an FIR in this matter on 30 September 2020 itself. Based on the same case, the ED also registered a case. So far statements of many people have been recorded in this case. Now M.A. In view of the role of Yusuf Ali and his company, he has been summoned for questioning.
Source: navbharattimes.indiatimes.com
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