Overview

• The ED’s Kochi zonal unit has registered a PMLA case taking cognisance of multiple Kerala Police FIRs tied to alleged investor fraud.
• Officials recorded George Alexander Muthoot’s statement at the ED office in Kochi on Friday as part of ongoing fact-finding.
• Complaints allege branch managers sold fixed deposits and NCDs promising 8–12% returns, then routed proceeds to Srei Equipment Finance presented to customers as a sister concern.
• Investors report non-repayment at maturity, with about 49 complainants claiming roughly ₹10.2 crore invested in 2017–2018 linked to the products.
• Muthoot Finance says it had no financial linkage with Srei and that a subsidiary only brokered Srei NCDs using the branch network, while the ED reviews documents and coordinates with state police.