The son-in-law, Muhammad Hafiz, also allegedly managed to obtain ownership of some properties of the businessman, according to the complaint made by Hassan to Aluva police around three months ago when he found out what was happening.
As the amount involved is over Rs 100 crore and with the accused still at large and reportedly in Goa, the investigation of the case was handed over to the Crime Branch wing of Kerala police on Thursday, November 24.
The complainant, Hassan, told a TV channel that Aluva police allegedly failed to arrest the accused or even call him for questioning and they also could not recover from him the Rs 1.5 crore worth car given for his use.
Hassan said the alleged fraud or cheating started with his son-in-law asking for around Rs 4 crore to pay the fine imposed on the latter after an Enforcement Directorate raid.
Thereafter, under various pretexts, like for buying land or opening a footwear showroom, his son-in-law managed to obtain over Rs 92 crore from him, Hasan told the channel.
Hassan’s son-in-law did not do it all alone and had an accomplice, Akshay Thomas Vaidyan, a police officer said.
Hassan has named both of them in the complaint to the police, the officer said.