Investment fraud: Police nabbed Praveen Rana from Pollachi

In the controversial multi-crore investment fraud case, the police nabbed accused Praveen Rana from Pollachi. Investment fraud had happened in the name of his company ‘Safe and Strong Company’ in Thrissur.
Earlier, he escaped from the hands of the police after a team from Thrissur interrogates him at his flat in Kochi.

However, Rana escaped via a second lift in his flat and fled to the Chalakudy area using a car. The CCTV footage also showed his car leaving the flat. However, he was not inside the car when police intercepted the vehicle in Chalakudy.

Praveen Rana (KP Praveen) had embezzled huge amounts by offering attractive interest rates to the investors, according to the police. Through his company, Rana is alleged to have embezzled around Rs 100 crore. At present, there are 18 cases against him at different police stations in Thrissur.