Enter word or phrase

Look for articles in

Last Updated Sunday May 27 2018 10:52 PM IST

Top businessmen step in to save Binoy Kodiyeri's skin

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Top businessmen steps in to save Binoy Kodiyeri’s skin Binoy Kodiyeri. (inset) A copy of the complaint against him.

Dubai/Thiruvananthapuram: Hectic parleys are underway to bail out CPM Kerala chief’s son from a legal tangle in Dubai. Well-wishers including top industrialists from Kerala are trying to settle the case out of court as the young businessman continues to be stranded in the emirate after allegations of financial fraud.

The plan is to give 10 lakh Dirhams (Rs 1.75 crore) to Hasan Ismaeel Abdulla Almarzooqi, the Dubai businessman who has filed a complaint against Binoy Balakrishnan, the son of CPM state secretary Kodiyeri Balakrishnan. The emirate has issued a travel ban on Binoy related to an embezzlement case of 10 lakh dirhams.

Binoy’s younger brother Bineesh also found himself at the center of a controversy. Bineesh has been sentenced to two months in prison for defaulting on a loan repayment. He will be arrested if he lands in the United Arab Emirates.

A Dubai court convicted Bineesh in his absence on December 10 for defaulting on a loan he had taken from Saudi Arabia-based Samba Financiers. The case was registered on August 6, 2015, on a complaint by Ibrahim Kamal Ibrahim.

More cases have surfaced against Binoy’s associate Sreejith Vijayan, the son of Chavara MLA N Vijayan Pillai. Sreejith faces eight cases in different police stations in Dubai. He is accused of leaving Dubai after committing frauds of about 1 crore Dirhams.

He also faces a case in a labor court for not paying his employees. He was sentenced to two moths in jail in a cheque-bounce case in last May.

Read more:  Latest Kerala news |  AIIMS entrance test: All seats in Kerala taken

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert