Kalpetta, Thursday, June 16, 2011: One more person was arrested on Thursday in connection with the Bizzare money chain fraud case. With this arrest the number of persons held in connection with the case has gone up to 11.

Meanwhile the Kalpetta Chief Judicial Magistrate Court today here rejected the bail petition of company MD Abdul Harshad and promoter Pratheesh Chacko. The court remanded them to police custody.

Earlier report:-

The Police had earlier arrested eight persons including MD of Bizzare Network Marketing Group in connection with Bizzare money chain fraud.

The police took 48 persons into custody from the meeting place and after questioning, 40 were released. The Bathery judicial first class magistrate remanded them. They were shifted to Vaithiri sub jail.

The case was registered as per the complaint by 30 persons who were subjected to fraud by the group. A special team lead by Mananthavadi DySP has been probing the case. Police is of the opinion that the group had enrolled 5000 persons by charging Rs 5500 as membership fee.

(news agency)