The government has issued an order for the attachment of assets in the Fashion Gold investment scam, which allegedly involves former Kasaragod MLA M.C. Kamaruddin and the managing director of Fashion Gold International, Pookoya Thangal. The scam came to light after the company went bankrupt in October 2019, and several investors filed complaints against the accused individuals. Finance Secretary Sanjay M. Kaul issued the order on August 7, 2023, under the Banning of Unregulated Deposit Schemes Act. The accused face charges of cheating, misappropriation of funds, and raising money from the public under an unregulated deposit scheme. As per the order, their properties in various locations will be confiscated, and their bank accounts have been frozen. The investigation revealed that the accused had transferred the properties to other individuals after receiving complaints from investors. It is estimated that over 700 individuals had deposited money with the company, and 168 of them have lodged complaints. The total amount due to the investors is approximately ₹26.15 crore. The Collectors of Kannur and Kasaragod have been instructed to provide reports confirming the confiscation order to the court.