BLM founder held in alleged ₹5,000-crore financial fraud case

R Premkumar has been arrested in an alleged ₹5,000-crore financial fraud case involving Bharath Lajhna Multi-State Housing Co-operative Society, which he founded and is headquartered in Chennai. The case involves allegations that depositors' funds were diverted for private purposes, including the purchase of resorts, theatres and hotels in Kerala and Chennai, PTI reported.