Thrissur ∙ The growth of Praveen Rana (KP Praveen), the owner of Safe and Strong Chitty Company, who was arrested in the investment fraud case of Rs. 150 crores, was at a rapid pace. After studying engineering, he started in a small mobile shop. Business establishments that were closed outside Kerala were taken over and started running. After seeing success in this, the area of operation was expanded to pubs and spas. Pubs started in Karnataka and Tamil Nadu. The liquor trade was also seized.
When he realized that the eyes of the investigating agencies were on him, Thattak shifted to Kerala. He started a financial institution called Safe and Strong in his own country. Safe and Strong paid 48 percent interest instead of 12 percent interest paid by normal companies. Investors increased as interest was paid at the beginning. However, the de-recognition of the companies was humiliating. Rana continued the business despite concealing the fact that the approval was gone. As the interest stopped, the investors started suing. The depth of the fraud becomes clear when the investigation of the case is tightened.
Rana’s most important weapon of deception was his own tongue. KP Praveen was changed to ‘Praveen Rana’ because he felt that the name did not have enough punch. He added doctor to his name and became a motivational speaker. Jiva Vijay Kadha was telecasted as a channel for 100 episodes. This resulted in gaining the trust of the people. Claiming to be a world-class scientist like Edison and Einstein, Praveen Rana earned the trust of investors by circulating pictures with elites.
It is confident that it will become India’s number one industrialist by 2029 and its investors will benefit. He paid young men to portray him as a cosmopolitan. He tattooed his image on his body. Rana, who dazzled in luxury cars, also dabbled in politics. He contested the election but failed. Meanwhile, he produced and acted in two films. The latest movie ‘Choran’ was directed by a police officer from Thrissur.
Rana’s marriage lasted for five days. A kilo of gold and diamond jewelery were given to the bride. 12 lakh rupees alone for the album of the lavish wedding attended by celebrities from film and politics. The exchange of the album ‘Chitrakood’ made of wood was done in the presence of many prominent people at a five-star hotel in Thrissur. Life may not be so colorful for Rana anymore. More than twenty cases have been registered so far. Rana will have to answer inquiries about the stolen money.
English Summary: About Safe And Strong Scam Accused Praveen Rana