115 crore investment fraud in Kochi; common people affected; Athira Group’s assets seized.

Common People Fall Victim to Fraud Once Again: ₹115 Crore Investment Scam in Kochi
It is always the common people who fall victim to scams. Many invest their hard-earned savings in such institutions as a financial safeguard for the future, for their children’s education, or for their daughter’s wedding. Now, another massive investment fraud has come to light in Kochi. Investors have alleged that Athira Group, a company based in Kochi, collected money from them but is now refusing to return it. Homemakers and daily wage workers are among those who have been defrauded. According to preliminary police estimates, the scam amounts to ₹115 crore.

Investors have gathered in protest outside the residence of Athira Group owner Antony in Pallippuram, demanding the return of their money.

Recently, the police seized Athira Group’s jewelry store in Kochi. Following this, individuals who had pledged gold or invested in chit funds rushed to the company’s office and the owner’s residence, hoping to recover their investments. However, upon realizing that there was no way to get their money back, investors were left devastated. Some had deposited gold—up to 40 sovereigns—for wedding expenses and are now desperate to reclaim their savings.

Police investigations reveal that while the scam amounts to ₹115 crore, Athira Group’s total assets are worth only ₹70 crore.

Meanwhile, protests are intensifying outside the company’s Marine Drive office. Though police are trying to pacify and disperse the demonstrators, investors remain firm in their demand for repayment.

At a time when discussions about Partibha Gold’s financial fraud are still ongoing, another major investment scam in Kochi has now surfaced, causing further alarm among the public.