KERALA: In the treacherous and murky waters of Kerala’s business ecosystem, trust and reputation are the only currencies that truly matter. For over a century, in Kerala, two family names have stood as unshakeable pillars of that trust and reputation: MATHER (The Kakanattil family) and RAJAH (& KAJAH) (The Arachamveettil family).

Make no mistake - Mather and Rajah (& Kajah) - are not merely brands or corporate groups; they are institutions. They are synonymous with the binding contract of integrity woven into the social, political, entrepreneurial, corporate, economic, financial, philanthropic, and religious fabric of God’s Own Country. This inherited trust and reputation, painstakingly built and earned over multiple generations spanning more than a century, was and remains the ultimate asset for both families.

Our investigation reveals that this very asset – trust and reputation – of these two families and corporate groups was identified, calculated, and coldly liquidated by one "black sheep" member from both families - K.A. Siraj Mather (“Siraj”). Driven by uncontrolled personal greed and a desperate desire to match the wealth of the affluent branches of both Mather and Rajah (& Kajah) families, Siraj turned these two family and corporate legacies into a playground for criminal wrongdoings and fraudulent activities thereby effecting Kerala’s biggest real estate scam ever.

SIRAJ’S TROJAN HORSE STRATEGY IN MATHER GROUP & RAJAH (& KAJAH GROUP

Our deep-dive Investigation Report 1, Chapter 3 blows the lid off this deception, fraud, cheating and criminal wrongdoings of Siraj. We reveal how Siraj - the individual we have designated as "Lootwallah Number One of Kerala" in our Investigative Report 1 Chapter 2 operated as a classic "Trojan Horse" within these two socially, politically, financially, and religiously revered families and corporate groups.

We expose how Siraj systematically leveraged:

• Two Family Backgrounds: The social standing of the Mather and Rajah lineages.
• Two Corporate Identities: The Mather Group (including Mather & Mather, Mather Brothers, Empire Builders, and Mather Builders) and the Rajah (& Kajah Group).
• Individual Credibility of Family Members: The reputations and networks of specific family members from both families.

The result? Arguably, the biggest real estate scam in Kerala’s history, with losses exceeding ₹ 2000 Crores, shattering the dreams and hard-earned life savings of over 2000 families.

KeralaExpose.org lays bare the central mechanism of this audacious fraud: how Siraj orchestrated a sophisticated illusion of credibility, draping himself in the borrowed authority of Mather and Rajah (& Kajah) to pull off the scam of this century in Kerala.

This is the story of how Siraj used blood relations to bleed the two families and the respective corporate groups dry and then cheat 2000+ investors in a sophisticated real estate scam.

THE WEB OF DECEIT: THE CORPORATE MASKS

The Mather Group & Rajah (& Kajah) Group Fronts

With critical support from members of Siraj’s erstwhile inner circle who themselves became victims of his cheating and shared details of Siraj’s modus operandi, our investigation team has tracked extensive physical and digital evidence of Siraj’s criminal empire.

This saga is not just a report; it is a script suited for a thriller in Mollywood or Bollywood. Perhaps, in the future, some of the very Mollywood stars who lent their stardom to Siraj’s fraudulent schemes and profiteered from them can turn this story into a movie akin to Kurup, Lucky Bhasker, or Jacobinte Swargarajyam. Perhaps the high-profile media professional who went on to head one of India’s largest media conglomerates, and who financed Siraj’s fraudulent schemes while appropriating prime land from Siraj to secure himself at the cost of homebuyers and banks before Siraj’s fraudulent empire collapsed can produce this story as a movie or a serial.

Our forensic investigation confirms that Siraj utilized the following corporate entities to build a façade of legitimacy over a period spanning 20 years:

• Mather Projects: matherprojects.com
• Mather and Mather (Mather Brothers and Empire Builders): matherandmather.com
• Mather Builders: facebook.com/matherbuilderskochi
• Rajah (& Kajah Group): rajahfmcg.com | kajahfmcg.com | kajahtea.com | ayurvedichospital.com

KERALAEXPOSE.ORG ALERT: THE RIGHT TO REPLY

Upholding the highest journalistic ideals, KeralaExpose.org reached out to the following individuals on 15.11.2025 by email for their comments on this Investigative Report series. As of publication of Chapter 3 today, no reply has been received from anyone including K A Siraj Mather and the silence is deafening and telling.

• K A SIRAJ MATHER (Lootwallah Number One of Kerala): No response received yet.
• K M I MATHER (Chairman & MD, Mather Group): No response received.
• NOOR MOHAMMED MATHER (CEO, Mather & Mather): No response received.
• MOHAMMED MATHER (MD & CEO, Mather Builders): No response received.
• A ABDUL SALAM (Chairman & Managing Trustee, Rajah (& Kajah Group): No response received.
• JEBI MATHER HISHAM (Member of Parliament & President, Kerala Pradesh Mahila Congress): No response received.
• RAFFI MATHER (Former Director, Mather Group & Former Director, Asten Group): No response received.
• MAYANKUTTY MATHER (Senior Advocate): No response received.
• SHAFFI MATHER (Advocate & Director, Mather Group): No response received.
• BABU MATHER (Advocate): No response received.
• M SETHUNATH (CEO, CREDAI KERALA): No response received.

We will update this report immediately upon receiving any response from any of the above.

THE GENESIS OF ENVY AND GREED: FROM KOCHI TO KOZHIKODE TO ALIGARH TO BELGAVI TO CHAVAKKAD TO KOCHI

How Envy and Personal Greed Created a Fraudster

Siraj’s adult journey began in the classrooms of Farook College (Kozhikode) and subsequently Aligarh Muslim University (AMU). These constitute two premier Islamic educational institutions known for instilling ethical thought processes. Siraj graduated with a BA in Sociology from AMU, but our investigation suggests that while these two institutions preached and instilled ethics, especially Islamic principles, in their students, Siraj majored in personal greed. He grew to violate every tenet of Islam in his business and personal life, indulging in criminal wrongdoings and fraudulent activities that cheated ₹ 2000+ Crores from 2000+ innocent families.

The Trigger: Siraj hails from a branch of the Mather family with marital ties to the Rajah (& Kajah) family. However, his father though born in the wealthy Mather family was not very successful in business, relying on a subsistence business granted by the Rajah (& Kajah) family in Tiruchirappalli, Tamil Nadu for his upper middle-class lifestyle. After graduation, Siraj was sent by his father to Khanapur, Belgavi (Karnataka) to work as a lowly-paid Assistant Manager in a tile factory then owned by the Rajah (& Kajah) Group.

Sources reveal this was the turning point. Frustrated by his low status and consumed by envy seeing his maternal cousins from the Rajah (& Kajah) Group enjoying the "good life" driving Mercedes and other luxury cars that were rare in India then due to very high import duties, Siraj snapped. With great expectations, he returned to Kochi to join Mather Group under his paternal uncle K M I Mather. However, he found the strict, ethical, and austere ways of the Mather Group smothering. He wanted the good life of his maternal Rajah (& Kajah) cousins – imported luxury cars, money to spend and travel as desired. And he wanted it quick. What Siraj did not recognize is that Rajah (& Kajah) Group had built their business and wealth with integrity, commitment, hard work, and perseverance. All he could see in Rajah (& Kajah) hometown, Chavakkad, during his school and college vacations with the maternal family was a life filled with the luxuries of life.

Soon thereafter, he ventured out on his own resigning from Mather Group, forming partnerships with college mates from Farook and Aligarh Muslim University, his paternal uncle Noordin Mather (Founder of Benhur Trades & Investments), M E Meeran (Founder of Eastern Spices), M C John (Founder of Lazza, Skei and Uncle John Ice Creams) and several Non Resident Keralites (NRKs). It is through these partnerships with the NRKs that he recognized the power of NRKs as a source of funds to pursue his dreams and aspirations for a good life like his maternal cousins.

The Pattern Emerges: Each partnership became a horror story of side deals, unfinished projects, bad construction (resulting in slanting towers), fund diversions and unsettled accounts. In every instance, the partnership collapsed within a few years, forcing the financially strong partners including Noordin Mather, his paternal uncle, to step in, pay up, and close shop to prevent a scandal and legal action.

KERALAEXPOSE.ORG: RIGHT TO REPLY - K A SIRAJ MATHER: No response received yet to our email dated 15.11.2025.

THE TARGET: THE EXTENDED MATHER GROUP LEGACY, REPUTATION & CREDIBILITY SUPPLANTED BY RAJAH (& KAJAH) GROUP LEGACY, REPUTATION & CREDIBILITY

THE PRIMARY SHIELD: MATHER GROUP

The Mather Group is the pre-eminent business entity of the extended Mather family, headed by Siraj’s paternal uncle, the formidable Mr. K M I Mather, known affectionately as “Imbayee.”

The Political, Social and Financial Weight: K.M.I. Mather is a pioneer of Kerala real estate sector bringing the concept of plotted land development, gated villa community, and apartments to Kerala in association with Southern Investments, once a leading name in real estate development in South India. More importantly, he is a political titan, former General Secretary of the KPCC. His political lineage is sterling quality; his father (K C M Mather) was freedom fighter, MLA, and KPCC Treasurer. His father-in-law (T O Bava) was also freedom fighter, MLA, and KPCC President. Imbayee grew up alongside later Congress party stalwarts A K Antony (former Chief Minister of Kerala and Union Minister for Defence), Vayalar Ravi (former Union Minister of Civil Aviation and Non-Resident India Affairs), and Oommen Chandy (former Chief Minister of Kerala), who lived in his wealthy father’s Mas Hotel in Kochi during their student days while building the KSU (Kerala Students Union), the student wing of Congress party in Kerala. Though Imbayee never contested an election, he was in the thick and centre of Congress politics in Kerala being part of every key decision in Congress since the 80s. K M I Mather was also a socially influential leader being the President of Kerala Football Association and Vice President of All India Football Federation and Kerala being crazy about football. Three then younger but important leaders of Congress party – Benny Behnan (MP and Ex MLA), K Babu (Ex Minister, Government of Kerala and MLA) and Dominic Presentation, Ex Minister, Government of Kerala and Ex MLA) were like family members of K M I Mather family and used to be involved and engaged with K M I Mather family like family members.

Unlike Siraj, K M I Mather took immense pride in never using political friendships for commercial or financial gain. He used to joke that the biggest loss to his family was from the decision of A K Antony (his close friend) Ministry who acquired 5.50 acres of prime property owned by his company in front of Jawaharlal Nehru Stadium for a paltry sum in the 80s to hand over to St. Alberts College for developing sports facilities and fields.

KeralaExpose.org investigations confirmed this incident often joked about by K M I Mather. KeralaExpose.org team also confirmed that the present market value of this land is estimated to be between ₹ 275.00 and 500.00 Crores.

K M I Mather’s family includes Raffi Mather (a real estate visionary with deep personal connects to real estate businessmen across India, wealthy NRKs, Mollywood stars and political leadership across UDF, LDF & NDA), Shaffi Mather (former Economic Advisor to Chief Minister of Kerala Oommen Chandy, Advocate and Entrepreneur), and Jebi Mather Hisham (Member of Parliament and President, Kerala Pradesh Mahila Congress). His wife, Safiya Mather, is the daughter of T O Bava, former KPCC President and MLA.

The Legacy: Mather Group was established in 1772 and is presently an eighth-generation business group. The first company in the group Mather and Company Private Limited was established by K C M Mather in 1944 before India’s independence. Under K C M Mather, Mather Group grew to become a construction contract leader in Kerala and a force to reckon with across South India. K M I Mather after taking over the reins of Mather Group ventured into real estate. Mather Group has completed 37+ real estate projects (3.5 million sq. ft.) till today. Presently, under Shaffi Mather and his daughter Fathima Richelle Mather, Mather Group has expanded globally with 12500 full time employees with offices in the USA, UK, Spain, Portugal, UAE, India, Singapore, Hongkong and Japan with presence in the fields of airport assistance (globally), health care (UAE & India), business incubation (UAE, Singapore & India) and real estate (India).

From amongst the extended Mather family, K M I Mather family, as the owner of Mather Group, was the most prominent - financially, politically, and socially.

From their corporate website - https://matherprojects.com, Mather Group’s profile is given as follows:

“Mather Group / Mather Projects Private Limited

The Mather Group is an eighth-generation business group established in the year 1772 by Mr. Ibrahimkutty (Ooran) Mather. The first company in the group, M/s. Mather and Company Private Limited, was incorporated by Mr. K C M Mather in 1944. He built Mather and Company Private Limited into a leading construction company in South India with several buildings, bridges, roads, sea-side barriers, and other specialized construction work being undertaken by the company. Since its incorporation in 1944, Mather and Company Private Limited and Mather Group have gained a long-standing reputation for quality construction. In the 1990’s, Mather Group under the leadership of Mr. K M I Mather moved into real estate development and quickly became the leading real estate luxury brand in Kerala with world class design, construction and finishes of homes, offices, and retail projects. Since then, Mather has completed 37+ real estate projects totalling 3.50 million+ sq. ft. of built-up area and counts 3500+ luxury homeowners in Greater Kochi area amongst its customer base. Today, under the chairmanship of Mr. Shaffi Mather (seventh generation) and his daughter Ms. Fathima Richelle Mather (eighth generation), Mather group has grown its businesses and operations globally with 12500 full time employees with offices in the USA, UK, Spain, Portugal, UAE, India, Singapore, Hongkong and Japan with presence in the fields of airport assistance (globally), health care (UAE & India), business incubation (UAE, Singapore & India) and real estate (India).”

This is the reputation Siraj hijacked to establish his credibility.

KERALAEXPOSE.ORG ALERT: RIGHT TO REPLY - K M I MATHER: No response received yet to our email dated 15.11.2025.

THE MARKET SHIELD: MATHER & MATHER & NOOR MOHAMMED MATHER

Mather & Mather, Mather Brothers, and Empire Builders

Another prominent branch of the extended Mather family Siraj exploited is headed by his paternal uncle, Mr. Noor Mohammed Mather. As the CEO of Mather and Mather, he is a forceful presence in Ernakulam, controlling the Mather Bazaar, the centre point of wholesale trade in Kerala. He is a leader in the Kerala Chamber of Commerce and Industry, Merchants Association, and other activities of traders in the Mather Bazaar, Broadway, and Ernakulam.

Tracing its legacy to the 1920s and founder K C Ibrahimkutty Mather, this group dominates the wholesale hardware trade in Kerala (distributors for Godrej, Yale, Sony, etc.). Their motto is "trust and commitment" attributes Siraj used and utilized to establish enhanced credibility in Kerala and amongst Malayalis.

From their corporate website - https://matherandmather.com, their profile is given as follows:

“Mather and Mather

We (Mather and Mather) are one of the prominent and well-reputed wholesale dealers, distributors, and suppliers of various trading items in Kerala. Our legacy can be traced from the 1920s when our Predecessor K. C. IBRAHIMKUTTY MATHER started from the manufacturing of soap and gradually extended to the manufacture of agricultural implements and trading in Iron and Steel, Building Materials, etc., and later to the Real Estate segment. The firm's customers are spread throughout the length and breadth of Kerala and include Retail Outlets, Builders, Architects, Interior Designers, Contractors, Societies, Institutions, and the General Public. Our associate concerns include “Mather Brothers” and “Mather and Mather Pvt. Ltd”. We are the promoters of Mather Bazar, Ernakulam, and Mather Nagar, Kalamassery.

We are dealing in General Hardware like Locks, Handles, Hinges, Tower Bolts, Door Closers, Tools, Chains, Kitchen Accessories, Bath Accessories, and Hob & Chimney etc. We are also distributors and dealers for major brands like Godrej, Yale, Kaff, Sleek, Ebco, Avery, Europa, Boss, Ekri, Qubo, A1, Bharat, Sanjay, Yama, Omni, Spider, Sony, Mercury, Loctec, Gori, Tyler, Romex, Jevlor, Fevicol, M-Seal, Tiger, Mowjee, ABS, Deco, Nayyars, Luxus, Alfa, Spread, Emaar, Dyson, Adhoc, Merit, Hilton, PEKT, Mantis, Krishna, Shanker, Rayvon, HRS, Brito, etc.

Introducing innovative, sustainable, modern, and excellent General Hardware Products at very reasonable Prices to the Kerala Market is our motto. We do not compromise on excellence and trust with a commitment to provide contemporary as well as antique designs with the latest technology. We have always kept our commitment to our Customers, Suppliers, and the General Public; our track record will speak about it.”

This is the network that Siraj hijacked to enhance and strengthen his credibility.

KERALAEXPOSE ALERT: RIGHT TO REPLY - NOOR MOHAMMED MATHER: No response received yet to our email dated 15.11.2025.

THE INTERVENTION SHIELD: MATHER BUILDERS & MOHAMMED MATHER

Mather Builders is another smaller business group from the extended Mather family. It is headed by Siraj’s distant paternal uncle - Mohammed Mather, Managing Director and Chief Executive Officer, Mather Builders, who also has a fledgling political and Islamic religious network. Siraj used Mohammed Mather for sanitizing his image in the Islamic Religious network

From their corporate website - https://www.facebook.com/matherbuilderskochi/, their profile is given as follows:

“Mather Builders

Mather Builders offers a wide range of sophisticated services blended with dedication. Mather Builders has carved out a niche in the realty industry.”

This is the network that Siraj hijacked to sanitise his image in Islamic circles and for timely intervention when Kerala Police were on his tail.

KERALAEXPOSE.ORG ALERT: RIGHT TO REPLY - MOHAMMED MATHER: No response received yet to our email dated 15.11.2025.

THE SUPPLEMENTARY SHIELD: RAJAH (& KAJAH) GROUP

Based in the coastal town of Chavakkad, Thrissur, the Rajah (& Kajah) Group is not merely a business; it is an economic engine. Founded on the back of the iconic Kajah Beedi by Hajee A Abdul Kader Sahib and now helmed by his son A Abdul Salam as Chairman and Managing Trustee, the Rajah (& Kajah) Group grew from a humble cottage industry into a massive conglomerate that today employs over 42,000 people. They are among the highest taxpayers in the state, a testament to a business model built on volume, discipline, and hard work.

Under the stewardship of the founder and then by A Abdul Salam and other male members of Arachamveettil family, the Rajah (& Kajah) Group diversified aggressively but ethically. They transformed the landscape of health tourism with Rajah Ayurveda, establishing world-class healing centers like Rajah Island, Rajah Beach, and Rajah Healthy Acres. Their footprint spans timber, FMCG (Kajah Tea / Balm), with international offices in Bangkok and Kuala Lumpur.

In Chavakkad, the Rajah family is revered for their philanthropy and their strict adherence to traditional business ethics.

From their corporate website - https://www.kajahfmcg.com/about-us, their profile is given as follows:

“RAJAH (& KAJAH) Group

The Rajah Company is one of the Group concerns of the Rajah Group. Our products have good demand in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, and Maharashtra. The group has received best taxpayer awards in the states of Kerala and Tamil Nadu. The Rajah Group is a leading manufacturer, who has employed about 42,000 people in India.

The Rajah group is a leading and fast-growing business entity who diversified their business into producing various products like Tea, Pain Balm, Instant Pain Relief Oil, Instant Pain Relief Spray, Timber, Terracotta Tiles, Tooth Powder, Salt, Vermicelli, Ayurvedic Medicines, Automobiles etc. We are also known as best Pain Balm Manufacturers in India. The group is also involved in the tourism-related business and owns a scenic Island on the backwaters of Chettuva and also an Ayurvedic Hospital on the beachfront near Guruvayur, Kerala, which are functioning as Ayurvedic Hospitals. We also have a similar Ayurvedic Treatment Center in Kootanad, Palakkad District of Kerala and have their international office in Bangkok in Thailand, and Kualalampur in Malaysia.

This Rajah group has also a software development business and caters to the requirements of various clients in the Middle East and in India. The Rajah Group started a Coco-Pith Factory on the National Highway between Madurai and Trichy near Kottampatti In order to utilize the Bi-Products of Coconut and also to meet the growing demand for Coco-Pith Blocks. At this factory, we are producing Coco-Pith Blocks, Grow Bags, Coco-Chips etc. and most of the products are exported to other countries like Spain, Germany, Netherlands, Australia, and Dubai.

The Rajah Group had constructed an Activated Carbon Factory near this Coco-Pith Factory and started the manufacturing of Granulated Activated Carbon. These Products are exported to United States of America, Belgium, and Netherland.

The Group is also manufacturing High Quality Pain Balm and Pain Relief Oil in their factory at Vallanad in Tuticorin District in the name of “KAJAH BALM & KAJAH OIL”. These Products are marketed throughout India, and their market strength is steadily improving. We are also manufacturing food products Vermicelli, Cool Drinks, Atta, Safety Matches, Gluco Drinks, Peanut Candy, Health Mix, Payasam Mix, Tea with the brand name of “RAJAH and KAJAH”.

We also manufacture several ayurvedic products, most of which are used exclusively in Rajah Ayurvedic Centre. Some of these ayurvedic products are marketed outside. Sensing the health tourism potential in Kerala, The Rajah Group developed a Ayurvedic Hospital in the backwaters which named as RAJAH ISLAND and another Ayurvedic Hospital on the Beachfront near Guruvayur, Kerala named RAJAH BEACH, which offers idyllic atmosphere for the tourists to relax their mind and body. It would also recharge their energies to cope up with the fast-paced lifestyles of the cities and towns in present days. “Rajah Island” and “Rajah Beach” is a variant in tourist attraction in the sense that it offers man to be at peace at a place providing a virtual cradle for resting and rejuvenating. The infrastructure of Rajah Island and Rajah Beach will have all the state-of-the-art facilities of a modern Ayurvedic Hospital and more importantly an Ayurvedic treatment facility to the guests which will be an irresistible attraction for the foreign tourists.

We are also running one Ayurvedic Hospital, Physiotherapy Centre in Tirunelveli and the people from the surrounding Villages are benefiting from this. The men behind these projects hail from the family that firmly believes in ethical values in business and keeps focusing on enterprises which promote human lifestyle to blend with nature. The Rajah group is now constantly evaluating business opportunities in fields which address man’s day to day needs and hence it is well placed to create a sound brand value which will spell success in business ventures in today’s global market. From the list of the Company’s Board of Directors you will observe a blend of youth with experience, a formulation very essential to sustain growth and consolidation. In short, the Management of these enterprises believes more in business ventures which offer sustained, long term business opportunities than short or medium term success stories.”

This is the network that Siraj hijacked, used, and utilised to lure investors who believed that anyone backed by the "Rajah (& Kajah)" family must be as solid as the rock they built their business empire on.

KERALAEXPOSE.ORG: RIGHT TO REPLY - A ABDUL SALAM: No responses received yet to our emails dated 15.11.2025.

THE INFILTRATION: BLEEDING THE MATHER GROUP DRY

How the Jobless & Broke Nephew Became the CEO of Mather Group

By the late nineties, Siraj did not have any money. His business partnerships had collapsed, and he was living in a rented house with no income. Effectively Siraj was broke.

The Opportunity: At this time, Mather Projects was flourishing under Raffi Mather (backed by Shaffi Mather and mentored by K M I Mather) and had taken a leadership position in the real estate sector in the Greater Kochi area. They pioneered shopping malls (The Esplanade) and waterfront luxury apartments (Whitewaters) in Kochi. However, in 2000, Shaffi Mather stepped out from Mather Group and moved to Mumbai to work professionally with ZEE TV - Essel Group.

Here is when K M I Mather family made a fatal error. K M I Mather invited his then jobless and broke nephew, Siraj, to join Mather Group as a support for Raffi Mather. Insisting on seniority in the generation, K M I Mather installed Siraj as MD & CEO of Mather Projects. It was a godsend opportunity for Siraj and a curse for the company and Mather Group.

The Psychology of Theft: Siraj was driven by deep-seated envy of the Rajah (& Kajah) family’s grand lifestyle. The austerity of the Mather family did not sit well with him. He wanted the high life lived by his maternal cousins he saw in their hometown Chavakkad. Since he had only a small equity stake in Mather given to him gratis (free) by K M I Mather out of his generosity, Siraj recognized that the only way he can get rich and have free money to spend on the lifestyle he desired is by stealing. He had already tasted blood by stealing and diverting funds from the business partnerships he had ventured into after quitting from Mather Group earlier. Thus, he began diverting funds from Mather Group initially in small measures. Simultaneously, he began to divert funds from the timber company of Rajah (& Kajah Group) in which he was CEO. Siraj’s greed was such that he stole even cement and steel from and inflated labour numbers in the projects and assignments that his maternal uncles had granted him from Rajah (& Kajah) Group.

The Parallel Empire: K M I Mather ran a very tight ship in Mather Group with the small but highly respected Menon and Menon, Chartered Accountants, as the auditors of the group and high integrity former State Bank of India officers ensuring strict checks and balances. To bypass this, Siraj hired a team of loyalists and created a parallel management team inside Mather Group. Then, he floated tens of shell companies in benami names using his college mates from Farook and AMU and several relatives-in-law. Siraj cunningly exploited the theme of "generation gap" between K M I Mather and the next generation – Siraj and Raffi Mather often using Shaffi Mather to intervene with his father whenever K M I Mather raised red flags on lack of governance in Mather Projects.

Creating friction between Raffi Mather and Shaffi Mather:  Siraj recognized early enough that he, his manipulations, his frauds, his cheating, and his diversion of funds from Mather Group will be finished if Raffi Mather and Shaffi Mather united. So, he successfully created friction between the brothers, rallying Raffi Mather to his side to sideline Shaffi Mather fully from Mather Group, creating a "smokescreen" of internal conflict in Mather Group, behind which Siraj orchestrated his fraudulent activities and fund diversion from Mather Group undisturbed. To keep Raffi Mather at peace, Siraj would provide necessary but limited funds to Raffi Mather in areas of his interest.

The Illegal Land Grab: Siraj used the funds siphoned out from Mather Group which itself were funds received from trusting home buyers to buy extensive tracts of paddy fields and wetlands on the outskirts of Kochi hoping to fill the low lying lands, convert them to commercial land and then sell it for huge profit.

THE CATASTROPHE: THE DELAYED PROJECTS & SINKING VILLAS

The diversion of funds crippled Mather Projects.

Project Delays: Five major projects - Highlands, Hacienda, El Castillo, Esperanza, & Berrywoods - were delayed by years.

The Leisure Villa Scandal: In a shocking display of negligence and fraud of bad design and bad supervision (& theft of steel and cement), fourteen villas in the Leisure Villa project - overseen by Siraj and Mr. M. Sethunath (current CEO of CREDAI Kerala) - physically sank into the ground. These fourteen ghost structures remain uninhabitable even today. Owners of these fourteen villas are still waiting for rectification by Mather Projects, which the company has promised to rectify but has not been able to do due to limited cash flow from the consequences of Siraj’s embezzlement.

KERALAEXPOSE.ORG ALERT: RIGHT TO REPLY - K A SIRAJ MATHER, K M I MATHER, RAFFI MATHER, SHAFFI MATHER & M. SETHUNATH: No responses received yet to our emails dated 15.11.2025.

THE BLUEPRINT OF DECEPTION

How to Fake Credibility: The Masterclass

Siraj’s scheme was not brute force; it was insidious infiltration. He did not just use the family and corporate names; he hijacked the social, political, entrepreneurial, corporate, economic, financial, philanthropic, and religious architecture of the two families and their corporate groups.

The Mather Foundation: He installed himself at the heart of the Mather Group as MD & CEO of Mather Projects and then allied with Mather Brothers of Mather and Mather (Mather & Mather, Mather Brothers and Empire Builders) and Mohammed Mather of Mather Builders.

The Rajah (& Kajah) Expansion: He secured a Key Managerial Position as Partner and Director in Rajah Timber Company of Rajah (& Kajah) Group.

The Rajah (& Kajah) Group Projects & Assignments: He strategically used projects and assignments given to him by his maternal uncles to radiate and establish that he is part and parcel of the Rajah (& Kajah) Group management and leadership.

The Marital Masterstroke: To cement his cover and consolidate his position within Rajah (& Kajah) Group, he planned, schemed, and arranged the marriage of his son to the grandniece of Mr. A Abdul Salam (Chairman and Managing Trustee, Rajah (& Kajah) Group). This lavish wedding celebrated luxuriously in Kochi (home town of Mather family), Chavakkad (home town of Rajah (& Kajah family), and Dubai (where a major part of Siraj’s investors, potential investors and home buyers were based) silenced investors and home buyers who were beginning to doubt Siraj due to project delays and continually broken promises.

While KeralaExpose.org is in possession of photos of the extravagant wedding reception hosted by Siraj in Kochi and Dubai, we are not publishing the photos in deference to the privacy of the bride and the guests who we recognize had no role in Siraj’s criminal wrongdoings and fraudulent activities.

KERALAEXPOSE.ORG ACTION ALERT: KeralaExopose.org is writing to Income Tax Kerala, Income Tax India, CBDT, Enforcement Directorate and Ministry of Finance to investigate the source of funds of Siraj who was and remains a tax resident in India to have organized a wedding reception of his son in Dubai even rivalling the wedding receptions of UAE billionaire families.

The Protection Net: Siraj leveraged K M I Mather’s political capital, Jebi Mather’s political connections, Raffi Mather’s political network, Noordin Mather’s police friendships and Mohammed Mather’s police intelligence to build a safety and protection net from police and other regulatory investigations. Reliable sources in Kerala Police confirm that Mohammed Mather personally intervened to save Siraj from imminent arrest in at least one criminal case.

The Islamic Religious Front: Siraj played a central role in financing Islamic evangelism, building mosques, and supporting Mayankutty Mather and the highly controversial Islamic evangelist M.M. Akber to create an image of being the spine of an Islamic religious network and use it to again keep police, other regulatory and other investigative actions at bay.

KERALAEXPOSE.ORG: RIGHT TO REPLY - K A SIRAJ MATHER, K M I MATHER, NOOR MOHAMMED MATHER, MOHAMMED MATHER, MAYANKUTTY MATHER & A ABDUL SALAM: No responses received yet to our emails dated 15.11.2025.

THE ASTEN GROUP: THE GREAT RESURRECTION FOR SECOND COMING OF SIRAJ’S FRAUDS

June 2012: Exit from Mather Group and Rebirth in Asten Group in a span of seven days.

The game was up for Siraj in Mather Group in June 2012. After receiving anonymous but credible letters detailing the massive fund diversion and land acquisitions by Siraj, K M I Mather confronted Siraj. On 20 June 2012, Siraj resigned from Mather Projects as MD & CEO, taking Raffi Mather and his loyalist team, he had earlier installed in Mather Group with him.

The Audacity of the Asten Launch: Within seven days of exiting Mather Group diverting large sums of home buyers money received in Mather Group to his benamis and shell companies, Siraj launched Asten Group which shows his preparation, planning and scheming to launch a new business group after bleeding Mather dry. According to sources previously close to Siraj, his initial plan was to bleed Mather Group to death and then launch Asten Group to be fully owned by him kicking Raffi Mather also out fully. However, K M I Mather discovering his fund diversion from Mather Group and other red flags shortened the timeline. Siraj had to then carry out the plan with shortened timelines. Also, Siraj decided to carry Raffi Mather along with him in Asten Group. The following timeline and designations will establish the plan Siraj had devised:

From https://www.tofler.in/asten-realtors-private-limited/company/U45200KL2011PTC028812

“Asten Realtors Private Limited, is an unlisted private company incorporated on 05 July 2011. It is classified as a private limited company and is located in Ernakulam, Kerala. Its authorized share capital is INR 15.00 cr and the total paid-up capital is INR 5.00 cr.”

While Siraj Mather and Raffi Mather were appointed as Directors on incorporation of Asten Realtors on 05 July 2011, Siraj got himself appointed as the Managing Director with the designation MD & CEO of Asten Realtors Private Limited while Raffi Mather was appointed as only a whole time Director with the designation Joint MD of Asten Realtors Private Limited.   

(Note the date of incorporation of Asten Realtors Private Limited and Siraj’s and Raffi Mather’s appointment as Directors in Asten Realtors Private limited when both of them were then serving as remunerated full time employees of Mather Projects Private Limited - Siraj as MD & CEO and Raffi Mather as CEO of Mather Projects and the inherent conflict of interest in setting up a competing company in the same sector while serving as remunerated full time employees of one company).

KERALAEXPOSE.ORG ACTION ALERT: KeralaExpose.org is writing to Income Tax Kerala, Income Tax India, CBDT, Enforcement Directorate and Ministry of Finnace to investigate the sources of funds of Siraj in having invested ₹ 5.00 Crores in the Paid-up Capital of Asten Realtors Private Limited when his known annual income as per his Income Tax Returns for the previous ten years did not add up to give him financial bandwidth to invest ₹ 5.00 Crores as Paid-up Capital in Asten Realtors Private Limited

 

The Launch: Asten Group was launched with much fanfare with a media blitzkrieg supported specially by Asianet Group by intervention of a high-profile media professional (who headed a major Indian media conglomerate), with full-page ads and saturation prime time TV coverage.

The Head Office – 28 Asten: A lavish 20,000 sq. ft. office, “28 Asten” was setup and inaugurated at Palarivattom on NH 66 Kochi Bye-pass which became a celebrity hub and also became a shooting location for Malayalam movies, visited by top-tier Mollywood stars, Siraj’s associates in his fraudulent real estate schemes, to dazzle investors.

Asten Group’s Launch TV Advertisement

The Trademark Theft: The launch print media and TV ads ended with the tagline “An Asten Mather Company,” illegally using the “Mather” trademark to cheat potential home buyers by making them believe that Asten Realtors Private Limited is a Mather Group company (which many home buyers fell for too) until legal action from Mather Group forced Siraj to drop the registered trademark “Mather” from the Asten Group advertisements, website and marketing collaterals including brochures.

KERALAEXPOSE.ORG ALERT: RIGHT TO REPLY - K A SIRAJ MATHER, K M I MATHER & RAFFI MATHER: No responses received yet to our emails dated 15.11.2025.

BOASTING POLITICAL FUNDING: THE JEBI MATHER CONNECTION AND PAY-OFFS TO UDF, LDF AND NDA

Political Funding and Cross-Party and Cross-Alliance Payoffs

Using the Name of Another Mather Family Member: Our investigation reveals Siraj successfully used the name of Ms. Jebi Mather Hisham (paternal cousin), Member of Parliament and President, Kerala Pradesh Mahila Congress, to enhance his credibility and standing amongst investors and home buyers when the going became tough after one project after another of Siraj started collapsing. Sources close to Siraj reveal that he openly claimed to be the financier behind Jabi Mather Hisham’s political ascent from Aluva Block Youth Congress Committee to Kerala Pradesh Youth Congress Committee to Indian Youth Congress to Aluva Municipality to the Parliament of India and to Kerala Pradesh Mahila Congress.

The Political Financing Angle for Protection: Siraj did not stop at one making connections in Congress party alone or in UDF. He boasted widely of collecting and donating massive sums from the real estate sector (on behalf of CREDAI & independently) to the UDF, LDF, and NDA. He claimed that he has effectively purchased a "protection racket" across the political spectrum – all three political fronts in Kerala, ensuring regulatory silence and immunity from the law. And radiated to the cheated investors that he is untouchable by the authorities.

KERALAEXPOSE.ORG ALERT: RIGHT TO REPLY - MS. JEBI MATHER HISHAM, MEMBER OF PARLIAMENT & PRESIDENT, KERALA PRADESH MAHILA CONGRESS: No response received yet to our email dated 15.11.2025.

THE RAFFI MATHER ENIGMA: PARTNER IN CRIME OR VICTIM OF SIRAJ?

How Siraj used Raffi Mather to gain Credibility amongst Real Estate Businessmen in Kerala (& India), NRKs, Politicians, Mollywood, and Media

The relationship between Siraj Mather and Raffi Mather (paternal cousin) is the key to understanding Siraj and his scheming mind. For years, they worked shoulder-to-shoulder as Key Managerial Personnel (KMP) in the Mather Group. Here, Siraj used to sideline all other members of K M I Mather family from Mather Projects using the shoulders of Raffi Mather. Then, he got Raffi Mather to exit Mather Group alongside him when it was clear to him that he will be sacked from Mather Group after K M I Mather had discovered his and his associates’ diversion of funds from and fraudulent activities in Mather Group. But the narrative of their partnership hides a darker truth.

The "Asten" Coup: Sidelined from Day One: In June 2012, Siraj and Raffi Mather exited the Mather Group simultaneously. Within mere days, Siraj unveiled his masterstroke: founding of ASTEN REALTORS with Raffi Mather as a partner publicly but sidelined without any powers in Asten Group

The Power Grab: While the public saw a partnership, our investigation reveals that Siraj immediately established himself as the Chairman and Managing Director, effectively sidelining Raffi Mather from decision-making power from the very first day of the Asten journey.

Exploiting the 'Raffi Mather' Brand, Equity and Connections: Our investigation confirms that Siraj ruthlessly cannibalized Raffi Mather’s personal equity to build his fraudulent empire.

He leveraged:

• The Business Network: Raffi’s deep, trust-based connections with businessmen and in CREDAI (both Kerala and National chapters).
• The NRK Goldmine: Raffi’s close rapport with wealthy Non-Resident Keralites in the Gulf.
• Star Power: Raffi’s proximity to Malayalam movie stars, adding a layer of celebrity gloss to Siraj.
• The Media Shield: Most notably, Siraj utilized Raffi’s close friendship with a high-profile media professional (who went on to head one of India’s largest media conglomerates) to ensure favourable coverage and shield his operations from media scrutiny.

RAFFI MATHER: SIRAJ’S BIGGEST VICTIM While surface evidence might paint Raffi as a partner in crime of Siraj, KeralaExpose.org’s deep-dive investigation and multiple reliable sources previously close to Siraj confirm a stunning twist: Raffi Mather was Siraj’s primary and biggest victim

The Mechanism of Betrayal: The Iron Curtain Sources confirm that Siraj maintained a total "Iron Curtain" over the financial core, both in Mather Group and Asten Group keeping Raffi Mather always at a distance but releasing some funds to Raffi Mather’s pet projects to keep him at peace.

• The Diversion: Funds raised from the sale of massive real estate inventories - land, villas, apartments, warehouses, and resorts - in Mather, Asten and other shell legal entities formed and managed by Siraj and his associates were siphoned off by Siraj through a trusted inner circle into a labyrinth of shell companies and benami asset holders.
• The Isolation: Crucially, Siraj kept finance, accounts, and title registrations (of assets) strictly to himself. He deliberately kept Raffi Mather at arm's length and at a distance from these core functions.
• The Reality: Raffi Mather was used as the "Charismatic Front" - the face that brought in the money – by Siraj while Siraj was the "Hand" that stole it via fund diversions, hawala transactions and illicit transfers to Siraj’s benamis and shell companies.

Reliable sources have confirmed to KeralaExpose.org that Raffi Mather was fully kept in the dark by Siraj of the fraud being perpetrated in Mather, Asten and outside using his name as Siraj’s sole intent right from the beginning of his career was to acquire as much wealth and assets for himself, legitimately or illegitimately, and he feared that Raffi Mather would put his foot down if he came to know Siraj’s criminal wrongdoings and fraudulent activities.

KERALAEXPOSE.ORG ALERT: RIGHT TO REPLY - MR. RAFFI MATHER: No response received yet to our email dated 15.11.2025.

THE LEGAL ARMOURY: WEAPONIZING THE MATHER FAMILY LAWYERS

KeralaExpose.org anticipates that the three Mather family lawyers may attempt to seek refuge behind the convenient shield of attorney-client privilege. While we acknowledge the statutory protections afforded to a lawyer / legal advisor, we place on record: Privilege is not a cloak for complicity. If the three Mather family lawyers intend to hide responses behind legal

confidentiality and privilege, KeralaExpose.org demand that the three Mather family lawyers go on record regarding the rest of the equation with Siraj.

We, at KeralaExpose.org, challenge the three Mather family lawyers to disclose, without ambiguity, the full extent of their relationships with Siraj Mather - financial, personal, religious, social, and operational - that exist outside the sanctity of the lawyer-client relationship. 

Where does the role “attorney” end, and the role “partner” begin?

How Siraj Used the three Mather family Lawyers as a Shield against Legal Action against Him

Our investigation reveals that Siraj successfully used the legal acumen of three Mather family members to save himself from difficult legal situations which could have put him in jail for long periods We have reason to believe from details shared with keralaExpose.org by previously close associates of Siraj that at least one from the three Mather family lawyers moved beyond legal counsel to become an active participant in Siraj’s criminal enterprise.

Senior Advocate Mayankutty Mather (The Sanitizer): Siraj established a deep bond with Mayankutty Mather, his paternal uncle, by supporting him extensively by financing and organizing his Islamic evangelical speeches, a personal passion of Mayankutty Mather. Siraj engaged Mayankutty Mather’s law firm, Iyer and Iyer, to manage and execute the legal documentation for his labyrinthine real estate transactions in Mather Group, Asten Group, and the tens of his shell companies. Siraj effectively used Mayankutty Mather’s squeaky-clean religious and legal image and standing to sanitize his own reputation while undertaking the state's biggest real estate scam.

Advocate Shaffi Mather (The Saver): Despite being a vocal opponent of Siraj from the time Siraj’s diversion of funds and fraudulent activities were discovered in Mather Group by K M I Mather, Shaffi Mather (paternal cousin) was manipulated by Siraj to introduce high profile legal luminaries from his network in Mumbai and Bengaluru to Siraj to defend himself in NCLT Kochi. Siraj used intermediaries and the plea of the need to "protect his brother Raffi Mather" to get Shaffi Mather to introduce specialized high-profile corporate and insolvency lawyers from Mumbai and Bengaluru to him. These lawyers helped Siraj defend and fend off the allegations of fraudulent and preferential transactions raised by the Resolution Professionals against him in the NCLT Kochi.

Advocate Babu Mather (The Brain): Considered to be an out of box thinker and the wizard amongst the living Mather family members, insiders of Siraj’s fraudulent schemes confirm Babu Mather (paternal uncle) is the "Strategy Brain" behind Siraj. Siraj’s previous associates confirm that Babu Mather was always the on-call key person to help Siraj navigate the complex issues which cropped up in his fraudulent empire from the beginning.

KERALAEXPOSE.ORG ALERT: RIGHT TO REPLY - SENIOR ADVOCATE MAYANKUTTY MATHER, ADVOCATE SHAFFI MATHER & ADVOCATE BABU MATHER: No responses received yet to our emails dated 15.11.2025.

STAY TUNED: This is just the beginning. KeralaExpose.org will continue to peel back the layers of this scam, the biggest ever real estate scam in Kerala, where the perpetrator has remained under the radar of authorities and media till date and the victims have been denied justice.