Irregularities worth 11 crores detected in Monavie

KOCHI: The crime branch in their investigation found that Monavie, a network marketing company, has collected Rs 11 crores from investors during the past eight months. The crime branch officials said the distributor of the company will be made an accused in the money-chain fraud case.

Meantime, the crime branch will submit an application in the court seeking the custody of Sajeev N Nair, the chief distributor of the company and a native of Ernakulam, arrested in the case yesterday.