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According to police officers, 22 acres of land was bought in Kannur and registered in the name of a close relative of Rana, who owned the Safe and Strong Business Consultants Pvt Ltd which has now collapsed.
While several depositors are still awaiting the repayment of their investments, poor couple like Mukundan (72) and Thanka (68) have been served with revenue recovery notice over a small loan initially availed in 2007.
During interrogation, Rana told police his bank account is empty and that a luxurious lifestyle and the craze for fame did him in.
Praveen Rana, who was arrested from Tamil Nadu the other day, strangely resembles Monson in his deceit.
The investment fraud had been on the run after reportedly duping investors of nearly Rs 150 crore.
Police have learned that Rana might have gone to Uttar Pradesh on his way to Nepal.
Kizhakkoottu Aniyan Marar is the new 'Pramani' replacing the 69-year-old Kuttan Marar.
So far nearly 250 investors have come out in the open against Rana.
Of late murmurs on Muslim League's likely predilections have kept political observers on the edge, especially with the apparent softening of the stand adopted by the CPM towards the Congress ally in the United Democratic Front fold.
The cops have intensified searches for him in cities like Pune and Bengaluru, given the possibility of his business friends offering him help there.
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