KOCHI: The Additional Chief Judicial Magistrate (CJM), Economic Offences, denied permission for Ranjit Kumar Ramachandran, former Chief General Manager of Business Performance (South) at Muthoot Finance, the key accused in the Muthoot Insurance Brokers employee rewards fraud case, to travel to France. Meanwhile, the police informed the court that the accused is not cooperating with the investigation. The court also denied another application by the accused to release the passport.

Denying the application seeking to participate in a global leadership initiative in France the court observed “On going through the materials produced by the prosecution at this stage and the case of the prosecution, it is clear that the allegation against the petitioner is serious in nature and the company was

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