A case of alleged financial fraud has been registered against five individuals, including the wife of Congress MLA T Siddique. The complaint was filed by a 62-year-old woman against a financial institution, a partnership firm operating under the Nidhi mutual benefit financial company. The firm’s branch manager was Siddique’s wife, Sharafunnisa. However, Siddique has denied the allegations, calling them politically motivated.
The main accused in the case is Waseem Thondikodan, the founder and managing director of the company. The complaint accuses the financial institution of cheating the complainant out of Rs 5.65 lakhs, claiming that the firm swindled several crores by collecting deposits from people.
During a press conference, Siddique clarified that his wife resigned from the firm in December 2022 due to concerns about its unethical operations. He challenged both the complainant and the police to provide evidence to support the allegations against his wife. Siddique pointed out discrepancies in the police First Information Report (FIR), where his wife is mentioned as the managing director, while her resignation letter states her resignation from the position of branch manager.
The police have received over 50 complaints against the firm and are currently taking steps to freeze the account of the main accused, Waseem Thondikodan. The investigation is ongoing.
The wife of Kerala Congress MLA T Siddique, along with several others, has been implicated in a case of financial fraud. The accused are alleged to have engaged in fraudulent activities, including misappropriation of funds, embezzlement, and forgery. The investigation revealed that substantial amounts of money were siphoned off through various illegal means, causing significant financial losses to individuals and institutions. The accused will now face legal proceedings as law enforcement authorities work to ensure justice is served.
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