KERALAEXPOSE.ORG ALERT: OMERTA - THE CONSPIRACY OF SILENCE

The Right to Reply

Upholding the platinum standard of investigative journalism, KeralaExpose.org emailed a list of questions to the individuals, families, companies, organisations and corporate groups named in this Investigative Report 1 by KeralaExpose.org on 15.11.2025 via email, offering them the opportunity to explain their respective stance on this Investigative Series exposing Kerala’s biggest ever real estate scam by K A Siraj Mather.

As of the release of Investigative Report, Chapter 4 today, we have been met with a stony silence from everyone (except the legitimate responses from NAKHEEL (Dubai) and DAMAC (Dubai) in the UAE). Even K A Siraj Mather, the prime accused and protagonist of this Investigative Report 1 series, remains in hiding, offering no defence whatsoever till date. The silence of K A Siraj Mather is deafening and self-incriminating. The silence of the Mather and Rajah (& Kajah) families, the Mather and Rajah (& Kajah) family members (to whom KeralaExpose.org had raised individual questions) and the two corporate groups - Mather Group (Mather, Mather & Mather, Mather Brothers, Empire Builders, and Mather Builders) and Rajah (& Kajah) Group are intriguing to say the least raising questions about their role in Siraj’s criminal wrongdoings and fraudulent activities. The collective silence of CREDAI KERALA and the Indian & Kerala Real Estate fraternity to whom KeralaExpose.org had raised important questions of complicity with Siraj in his criminal wrongdoings and fraudulent activities clearly points unmistakably to a deep-seated, complicit, and illegitimate nexus they may have with K A Siraj Mather and his nefarious dealings.

K A SIRAJ MATHER
Lootwallah Number One of Kerala
No response received

K M I MATHER
Chairman & Managing Director
Mather Group
No response received

NOOR MOHAMMED MATHER
CEO
Mather & Mather Mather Brothers & Empire Builders
No response received

MOHAMMED MATHER
MD & CEO
Mather Builders
No response received

A ABDUL SALAM
Chairman & Managing Trustee
Rajah (& Kajah Group)
No response received

ABDULSHUKOOR NADUVILKATH MAMMU
Director
Nakheel Properties Private Limited
No response received

KAKKANATTIL SIRAJ MATHER SAAD MATHER (Siraj’s elder son)
Director
Damac Holdings Private Limited and Nakheel Properties Private Limited
No response received

MADATHUMPADY ABDUL KAREEM MUHEYIDDIN
Director
Damac Holdings Private Limited
Former Director
Nakheel Properties Private Limited
No response received

CHIDAMBARAM BALASUBRAMONIAM
Director
Damac Holdings Private Limited
No response received

KAKKANATTIL MUHAMMED ZUHAIR MATHER SIRAJ MATHER (Siraj’s younger son)
Director
Damac Holdings Private Limited
No response received

MATHEW JOSEPH
Former Director
Damac Holdings Private Limited
No response received

M R JAYA SHANKER
Chairman & Managing Director
Brigade Group
No response received

IRFAN RAZACK
Chairman & Managing Director
Prestige Group
No response received

SIVAPRASAD S G
General Manager, Sales
Sobha Limited
No response received

K V ABDUL AZEEZ
Chairman & Managing Director
Skyline Builders
No response received

K SRIKANT
Chairman
K LAVA
Managing Director
SFS Homes
No response received

V SUNIL KUMAR
Founder & Managing Director
Asset Homes
No response received

RIAZ AHMED
Chairman
DR. NAJEEB ZACKERIA
Managing Director
Abad Builders
No response received

NAVAS MEERAN
Chairman
ASHEEN PANAKKAT
Managing Director
Nanma Properties
No response received

MATHEW CHAKOLA
Managing Director
Chakolas Habitat
No response received

C J MATHEW
Chairman
ROY JOSEPH
Managing Director
Trinity Builders
No response received

RAVI SHANKAR
Managing Director
Prime Meridien
No response received

JOHN THOMAS
Managing Director
Noel Builders
No response received

MALLANA SASALU
CEO, South Region
Purvankara Homes
No response received

KOCHOUSEPH CHITTILAPPILY
Chairman
Veegaland Homes
No response received

M SETHUNATH
CEO
CREDAI KERALA
No response received

ROY PETER
Chairman
CREDAI KERALA
No response received

We will update this report immediately upon receiving any rebuttal or explanation or comment from any of the above.

THE DUBAI DECEPTION: A SAGA OF CORPORATE IDENTITY THEFT - AUDACIOUS MISUSE OF “NAKHEEL” AND “DAMAC” CORPORATE & BRAND NAMES

As we painstakingly exposed in Chapter 3, Siraj constructed his initial façade of credibility upon the stolen trust and reputation of two socially, politically, and financially illustrious families - Mather and Rajah (& Kajah) - in Kerala. Siraj then ruthlessly exploited the networks of the more prominent members of the Mather and Rajah (& Kajah) families to artificially inflate his own credibility. He then cynically leveraged the wedding of his elder son into the Rajah (& Kajah) family to reinforce his credentials then starting to be shaken by the initial rumours about his fraudulent activities. However, as Siraj and his syndicate "tasted blood" with the runaway success of cheating potential investors and homebuyers using the stolen reputation of these two families, their corporate groups, and their family member’s individual networks, Siraj’s and his associate’s confidence swelled and mutated into criminal arrogance. KeralaExpose.org investigations reveal that Siraj then orchestrated a brazen conspiracy: to hijack the corporate and brand identities of two of the undisputed Real Estate titans in Dubai to defraud gullible investors in his fraudulent real estate schemes to develop and sell land, villas, apartments, warehouses, retail, commercial, multiplexes, hotels, and resorts.

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

Our deep-dive investigation has unearthed undeniable, forensic evidence that Siraj and his associates systematically usurped the names of at least two leading real estate titans of Dubai - “NAKHEEL” and “DAMAC” - to cheat potential investors and homebuyers and illegally mobilize investments from them for their various real estate projects in land, villas, apartments, warehouses, retail, commercial, multiplexes, hotels, and resorts.

The catastrophic result of this grand deception by Siraj and his associates? Many of these projects were abandoned halfway, some constructions were so shoddily executed that they are effectively death traps on the verge of collapse, and many land deals (often involving legally protected paddy fields and wetlands) remain in limbo with titles not transferred to the buyers and investors and possession undelivered till date. Investors who were handheld into these toxic real estate deals by Siraj and his associates are left languishing now for up to 20 years and even beyond for the delivery of commitments or the return of their meticulously stolen capital. Even heavyweights from the Kerala and NRK corporate world have been swindled by Siraj, with many of them still waiting for Siraj to either return the fortune invested by them or to honour the promises made by him.

THE INTERNATIONAL (DUBAI) CORPORATE VICTIM 1: WHO IS NAKHEEL?

The first real estate giant impersonated from Dubai by Siraj and his syndicate is NAKHEEL.

To comprehend the sheer magnitude of this fraud, one must grasp the stature of Nakheel, the real estate giant in Dubai that Siraj and his associates dared to impersonate.

From their corporate website - https://www.nakheel.com/en/world-of-nakheel/who-we-are, Nakheel’s profile is stated as follows:

“NAKHEEL - Who We Are - A promise of a better tomorrow

Dubai-based Nakheel, a member of Dubai Holding, is a world-leading master developer whose innovative, landmark projects form an iconic portfolio of master communities and residential, retail, hospitality and leisure developments that are pivotal to realising Dubai’s vision. Nakheel’s waterfront projects, including the world-famous, award-winning Palm Jumeirah, have added more than 300 kilometres to Dubai’s original, 70km coastline, paving the way for the development of hundreds of seafront homes, resorts, hotels and attractions.

We Are Nakheel

In the future, cities will unlock our potential, rather than people unlocking the potential of cities. At Nakheel, we will keep pushing our limits, striving to get the best results, and taking care of our customers and partners as one team, to go beyond developments and create cities where people thrive, in line with the Dubai 2040 Urban Master Plan."

Building happiness and prosperity

Nakheel Communities

Nakheel develops thriving residential communities with excellent community amenities including leisure and hospitality destinations as well as some of Dubai’s most popular shopping malls, souks and community retail centres.

Nakheel Malls

Nakheel Malls owns and operates a diverse range of world-class retail experiences including large-scale shopping centres and retail pavilions, across Dubai, offering shopping, leisure and dining facilities for all."

Nakheel Hospitality and Leisure

Nakheel Hospitality’s portfolio comprises a diverse range of hotels and resorts, including five star, luxury establishments, family-friendly resorts, and modern hotels, as well as community clubs and restaurants.”

The colossal scale and dominance of Nakheel Dubai can be gauged from two staggering facts:

• Nakheel has added 410 kilometres of coastline to Dubai, which is equivalent to two-thirds of Kerala’s total coastline.

• 7.00 Lakh+ people reside in Nakheel developed communities in Dubai, a number equal to the entire population of the city of Kochi.

Nakheel is a name intimately familiar to the nearly 10.00 Lakhs+ Malayalis toiling in the UAE and the 20.00 Lakhs+ Malayalis living in the other 5 GCC Countries. Furthermore, several lakhs of Malayalis visit Dubai every year, and they cannot miss the sheer omnipresence of Nakheel real estate developments in Dubai.

Nakheel is part of Dubai Holding, a global investment juggernaut owned by the ruler of Dubai, HE Sheikh Mohammed bin Rashid Al Maktoum. It functions as the ruler's personal investment portfolio. In 2024, the ruler mandated the strategic incorporation of Nakheel and Meydan into the Dubai Holding group, with Meeras also slated to be absorbed into the group soon.

CHEATING THE ROYAL FAMILY OF DUBAI: Siraj and his associates have not only defrauded Malayali and Indian investors; they have effectively cheated the Royal Family of Dubai by misappropriating the Nakheel company name owned by the royal family of Dubai to lure investors and swindle their hard-earned life savings.

KERALAEXPOSE.ORG ALERT - OFFICIAL DENIAL FROM NAKHEEL DUBAI: KeralaExpose.org wrote to Nakheel Dubai seeking clarification on whether they had granted any rights to use their name to Siraj or his associates. Nakheel Dubai has categorically confirmed to KeralaExpose.org that they have not granted any rights whatsoever to anyone in India to use their company and brand name.

SIRAJ’S FAKE DUBAI COMPANY 1 IN INDIA: “NAKHEEL PROPERTIES PRIVATE LIMITED”

Our forensic search of the Registrar of Companies in India records exposes the mechanism of Siraj’s and associate’s fraud in misusing the Nakheel corporate and brand name:

“NAKHEEL PROPERTIES PRIVATE LIMITED” is registered in India with the Registrar of Companies, Ernakulam, Kerala, India on 28 December 2007 with an Authorised Share Capital of Rs. 500,000.00 and Paid-up Capital of Rs. 200,000.00.

As per the NIC code, it is involved in “Real estate activities with own or leased property. This class includes buying, selling, renting and operating of self-owned or leased real estate such as apartment building and dwellings, non-residential buildings, developing and subdividing real estate into lots etc. Also included are development and sale of land and cemetery lots, operating of apartment hotels and residential mobile home sites.”

• Corporate Identification Number (CIN): U70100KL2007PTC021148

• Registration Number: 21148

• Registered Address: 34/227 Cheriyakomoroth Road, Mamangalam, Kochi, Kerala, India 682 025.

• Contact Email: sfkx@yahoo.com (Our investigation reveals this email is a non-functional email account; emails sent by KeralaExpose.org to this email bounced).

• Current Status: Strike Off by Registrar of Companies.

The Directors of the fake Nakheel Company setup by Siraj and associates in India are:

• Abdulshukoor Naduvilkath Mammu - DIN* is 01423978

• Kakanattil Siraj Mather Saad Mather (Siraj’s elder son) – DIN* is 01730006

Previous Director of the fake Nakheel Company setup by Siraj and his associates in India is:

• Madathumpady Abdul Kareem Muheyiddin - DIN* is 01375310

*DIN is Director Identification Number issued by Ministry of Corporate Affairs, Government of India

THE INTERNATIONAL (DUBAI) CORPORATE VICTIM 2: WHO IS DAMAC?

The second real estate giant impersonated from Dubai by Siraj and his syndicate is DAMAC.

To comprehend the sheer magnitude of this fraud, one must grasp the stature of Damac, the real estate giant in Dubai that Siraj and his associates dared to impersonate.

From their corporate website - https://www.damacgroup.com/en-ae/property-development/, Damac’s real estate division profile is stated as follows:

“DAMAC

The DAMAC Group of Companies established its property development division with the formation of DAMAC Properties in 2002, which has since grown and expanded to become a globally recognised brand.

OUR WORLD OF LUXURY

DAMAC Properties is renowned for developing luxurious residential towers, expansive master-planned communities, and exclusive island resort residences. Each project blends innovative design with exceptional amenities, offering an unparalleled living experience in prime locations around the world.

WORLD-CLASS MASTER COMMUNITIES

DAMAC Properties develops nature-inspired urban communities featuring outstanding amenities designed for vibrant family living. Each community is thoughtfully planned to ensure an unrivalled lifestyle full of comfort and convenience.

OUR PARTNERSHIPS

DAMAC works closely with some of the world's most sought-after purveyors of luxury to create truly exquisite living experiences.”

Like Nakheel, Damac is also a household name for the 10.00 Lakh+ Malayalis in the UAE, the 2.0 million+ Malayalis living across the GCC and the several lakhs of Malayalis who visit Dubai every year. It is impossible for any of them to miss the sheer omnipresence of Damac real estate developments in Dubai.

Damac’s President Trump Connection: The Damac Group is a multi-billion-dollar investment conglomerate based in Dubai, founded in 2002 by billionaire Hussain Sajwani. It is renowned for high-end projects and collaborations with Versace, Fendi, and Cavalli. Crucially, the Damac Group shares a high-profile and enduring business relationship with Donald Trump and the Trump Organization. This partnership is rooted in luxury real estate and has recently expanded into digital infrastructure. Trump personally touted this investment as a major economic win. Sajwani is frequently referred to as the "Donald of Dubai," and the Trump family, including Donald Jr. and Eric Trump, have regularly visited Dubai to oversee these ventures.

CHEATING US PRESIDENT TRUMP’S GULF BUSINESS PARTNER: Siraj and his associates have not only defrauded Malayali and Indian investors; they have effectively cheated the Dubai business partner of US President Donald Trump by misappropriating the DAMAC name to lure investors and swindle their hard-earned life savings.

KERALAEXPOSE.ORG ALERT - OFFICIAL DENIAL FROM DAMAC DUBAI: KeralaExpose.org wrote to Damac Dubai seeking clarification on whether they had granted any rights to use their name to Siraj or his associates. Damac Dubai has categorically confirmed to KeralaExpose.org that they have not granted any rights whatsoever to anyone in India to use their company and brand name.

SIRAJ’S FAKE DUBAI COMPANY 2 IN INDIA: “DAMAC HOLDINGS PRIVATE LIMITED”

Our forensic search of the Registrar of Companies in India records exposes the mechanism of the fraud in misusing the Damac corporate and brand name:

“DAMAC HOLDINGS PRIVATE LIMITED” is registered in India with the Registrar of Companies, Bangalore, Karnataka, India on 18 December 2006 with an Authorized Share Capital of Rs. 2,500,000.00 and Paid-up Capital of Rs. 100,000.00.

As per the NIC code, it is involved in “Real estate activities with own or leased property. This class includes buying, selling, renting and operating of self-owned or leased real estate such as apartment building and dwellings, non-residential buildings, developing and subdividing real estate into lots etc. Also included are development and sale of land and cemetery lots, operating of apartment hotels and residential mobile home sites.”

• Corporate Identification Number (CIN): U70102KA2006PTC039026

• Registration Number: 39026

• Registered Address: No.148, E/1, 9th Main, 4th CROSS, HAL 3rd Stage, Bangalore, Karnataka, India – 560 075.

• Contact Email: balus5858@gmail.com

• Current Status: Active in the Registrar of Companies

The Directors of the fake Damac Company setup by Siraj and associates in India are:

• Madathumpady Abdul Kareem Muheyiddin – DIN* is 01375310

• Chidambaram Balasubramoniam – DIN* is 01702373

• Kakanattil Siraj Mather Saad Mather – DIN* is 01730006

• Kakanattil Mohammed Zuhair Mather Siraj Mather – DIN* is 07984089

The Previous Director of the fake Damac Company setup by Siraj and his associates in India is:

• Mathew Joseph – DIN* is 01702501

*DIN is Director Identification Number issued by Ministry of Corporate Affairs, Government of India

KERALAEXPOSE.ORG ACTION ALERT: KeralaExpose.org is writing to Dubai Police and Dubai Land RERA to investigate how Siraj and his associates - Abdulshukoor Naduvilkath Mammu, Kakanattil Siraj Mather Saad Mather, Madathumpady Abdul Kareem Muheyiddin, Chidambaram Balasubramoniam, Kakanattil Mohammed Zuhair Mather Siraj Mather and Mathew Joseph criminally misused the corporate name and brand name of NAKHEEL and DAMAC to lure innocent investors into their fraudulent real estate traps. Separately, KeralaExpose.org is writing to SFIO and Ministry of Corporate Affairs, Government of India to immediately investigate how Siraj and his associates misused the corporate name and brand name of NAKHEEL, Dubai, and DAMAC, Dubai, to lure investors into investing in their fraudulent real estate projects in India. KeralaExpose.org is writing to Income Tax Kerala, Income Tax India, CBDT, the Enforcement Directorate, and the Ministry of Finance to investigate how Siraj and his associates have used Nakheel Properties Private Limited and Damac Holdings Private Limited to launder money and to conceal his illicit wealth collected and cheated from investors, homebuyers, banks, and stakeholders.

KeralaExpose.org understands that both Nakheel, Dubai and Damac, Dubai, will be filing formal complaints with Dubai Police and Dubai Land RERA against Siraj and the members of the Board of Directors of the two fake companies - Nakheel Properties Private Limited and Damac Holdings Private Limited – set up in India by Siraj and his associates to cheat potential real estate investors and homebuyers.

A PATERNAL GIFT OF CRIMINALITY TO BOTH SONS FROM SIRAJ: DRAGGING THE SONS INTO HIS CRIMINAL ENTERPRISE

 Siraj did not spare even his own two children from his web of criminal wrongdoings and fraudulent activities. Our investigation reveals that Siraj dragged his then two young sons into his criminal enterprise to pass off the names of Dubai’s two leading real estate companies – Nakheel and Damac - to lure potential investors by installing them as Directors in the two fake companies he set up in India – Nakheel Properties Private Limited and Damac Holdings Private Limited.

• Saad Mather: Siraj’s elder son (who was strategically married to the grandniece of A Abdul Salam, Chairman and Managing Trustee, Rajah (& Kajah Group)) is a Director in both Nakheel Properties Private Limited and Damac Holdings Private Limited.

• Zuhair Mather: Siraj’s younger son is a Director in Damac Holdings Private Limited.

THE SHADOW OPERATORS: BENAMI KINGPINS OF SIRAJ - CHIDAMBARAM BALASUBRAMONIAM (“BALU”) & MADATHUMPADY ABDUL KAREEM MUHEYIDDIN (“SUBAIR”)

Interestingly, two Directors of these two fake Nakheel and Damac companies’ setup by Siraj and associates to lure and cheat investors - Chidambaram Balasubramoniam (known in his inner circle as “Balu”) and Madathumpady Abdul Kareem Muheyiddin (known in his inner circle as “Subair”), are two names to watch out for in Siraj’s real estate scam. Both these names crop up repeatedly in this Investigative Report series from KeralaExpose.org regarding Siraj’s criminal wrongdoings and fraudulent activities. And these two names are in addition to the names of the two sons of Siraj whose names also surface repeatedly in this Investigative Report series from KeralaExpose.org.

The Web of Directorship of Chidambaram Balasubramoniam: As reported by Zauba.com, Chidambaram Balasubramoniam (Balu) is presently a Director in 8 companies including two Asten Group companies and the fake Damac Dubai company in India setup by Siraj and his associates. Chidambaram Balasubramoniam was previously a Director in 15 companies including 5 Asten Group companies. In total, Chidambaram Balasubramoniam held Directorships in 7 Asten Companies, more than even Siraj, the main perpetrator of Kerala’s biggest real estate scam, himself! Also, Chidambaram Balasubramoniam was even the Managing Director of Asten Mediaplex Limited.

KeralaExpose.org investigations and sources previously close to Siraj confirm to us that Chidambaram Balasubramoniam or Balu (note the official email address of Damac Holdings Private Limited is balus5858@gmail.com) is one of the key benamis of Siraj and a holder of his benami companies and assets.

The List of Chidambaram Balasubramoniam’s present Directorships (As reported by Zauba.com at https://www.zaubacorp.com/CHIDAMBARAM-BALASUBRAMONIAM-01702373) are:

5. ASTEN HOTELS LIMITED* (11 Jun 2012)

6. ASTEN MEDIAPLEX LIMITED* (06 Jun 2017) – Was Managing Director

7. DAMAC HOLDINGS PRIVATE LIMITED (30 Nov 2011) – The fake Damac Dubai Company in India

8. WOOD HOUSE LTD (01 Apr 2006)

9. FAIRLEAD BUILDERS AND DEVELOPERS PRIVATE LIMITED (31 Dec 2020)

10. PRIMO PROPERTIES & INVESTMENTS LIMITED (07 Jan 2009)

11. KUJAN REALTORS PRIVATE LIMITED (21 Apr 2006)

12. CASTLEROCK PROJECTS AND DEVELOPERS PRIVATE LIMITED (28 Feb 2019)

*Asten Companies

The date in brackets is the Date of Appointment as Director in the respective company.

The List of Chidambaram Balasubramoniam’s previous Directorships (As reported by Zauba.com at https://www.zaubacorp.com/CHIDAMBARAM-BALASUBRAMONIAM-01702373) are:

1. ASTEN REALTORS PRIVATE LIMITED* (Director, 17-Oct-2019 - 31-Dec-2020; 31-Dec-2020 - 18-Mar-2021)

2. ASTEN MALLS PRIVATE LIMITED* (Director, 11-Jun-2012 - 17-Mar-2017)

3. ASTEN DESIGN STUDIO PRIVATE LIMITED* (Director, 17-Oct-2019 - 31-Dec-2020; 31-Dec-2020 - 19-May-2023)

4. ASTEN PROPERTIES AND DEVELOPERS PRIVATE LIMITED* (Director, 17-Oct-2019 - 31-Dec-2020; 31-Dec-2020, 18-Mar-2021)

5. ASTEN MATHER DEVELOPERS PRIVATE LIMITED* (Director, 17-Oct-2019 - 18-Apr-2022)

6. GREENLACE BUILDERS AND DEVELOPERS PRIVATE LIMITED (Director, 17-Oct-2019 - 31-Dec-2020; 31-Dec-2020, 18-Mar-2021)

7. HIMAX BUILDERS INDIA PRIVATE LIMITED (Director, 25-Jan-2011 - 09-Aug-2014)

8. ACELIN PROJECTS PRIVATE LIMITED (Director, 17-Oct-2019 - 31-Dec-2020; 31-Dec-2020, 12-May-2023)

9. SOWBHAGYA MARGIN FREE SUPER MARKET PRIVATE LIMITED (Director, 10-Mar-2004 - 31-Mar-2010)

10. GREENTEA SPA RESORTS INTERNATIONAL PRIVATE LIMITED (Director, 29-May-2008 - 21-Apr-2010)

11. RIGHT HAND DEVELOPERS (INDIA) PRIVATE LIMITED (Director, 14-Sep-2006 - 12-Oct-2022)

12. HIGH TOWN DEVELOPERS PRIVATE LIMITED (Director, 17-Oct-2019 - 01-Feb-2020)

13. TRINEX RENTALS AND LEASING PRIVATE LIMITED (Director, 17-Oct-2019 - 31-Dec-2020; 31-Dec-2020, 18-Mar-2021)

14. FINTEL HOMES PRIVATE LIMITED (Director, 17-Oct-2019 - 01-Feb-2020)

*Asten Companies

The dates in brackets are the Date of Appointment and Date of Cessation respectively as Director in the respective company.

The Web of Directorship of Madathumpady Abdul Kareem Muheyiddin: As reported by Zauba.com, Madathumpady Abdul Kareem Muheyiddin (Subair) is presently a Director in 10 companies including the fake Damac Dubai company in India setup by Siraj and his associates and was previously a Director in 11 companies including the fake Nakheel Dubai company in India setup by Siraj and his associates. Interestingly, Madathumpady Abdul Kareem Muheyiddin has served as Director in both the fake Dubai companies – Nakheel Properties Private Limited and Damac Holdings Private Limited – in India set up by Siraj and his associates.

The List of Madathumpady Abdul Kareem Muheyiddin’s present Directorships (As reported by Zauba.com at https://www.zaubacorp.com/MADATHUMPADY-ABDUL-KAREEM-MUHEYIDDIN-01375310) are:

1. DAMAC HOLDINGS PRIVATE LIMITED (Managing Director, 18-Apr-2006) - The fake Damac Dubai Company in India

2. FAIRLEAD LOGISTICS AND TRADERS PRIVATE LIMITED (Director, 21-Mar-2016)

3. CASTLEROCK PROJECTS AND DEVELOPERS PRIVATE LIMITED (Director, 28-Feb-2019)

4. AVENTURA REALTORS PRIVATE LIMITED (Director, 14-May-2007)

5. HUNTER REALTORS PRIVATE LIMITED (Managing Director, 07-Mar-2007)

6. AZDA SUITES LLP (Designated Partner, 05-Jul-2017)

7. AZDA PROPERTIES PRIVATE LIMITED (Director, 07-Dec-2016)

8. SWISS HEALTH & BEAUTY CARE PRIVATE LIMITED (Director, 05-Oct-2007)

9. SWISS TIME ZONE PRIVATE LIMITED (Director, 30-Sep-2016)

10. SWISS WATCH BOUTIQUE PRIVATE LIMITED (Director, 27-Jun-2012)

11. H & S LIFESTYLES LLP (Partner, 14-Jun-2021)

Date in brackets is the Date of Appointment as Director in the respective company.

The List of Madathumpady Abdul Kareem Muheyiddin’s previous Directorships (As reported by Zauba.com at https://www.zaubacorp.com/MADATHUMPADY-ABDUL-KAREEM-MUHEYIDDIN-01375310) are:

1. NAKHEEL PROPERTIES PRIVATE LIMITED (Director, 28-Aug-2007 - 26-Aug-2013) - The fake Nakheel Dubai Company in India

2. IDEAL HABITATS (COIMBATORE) PRIVATE LIMITED (Director, 19-Feb-2008 - 26-Jun-2013)

3. INDAC MANUFACTURE AND TRADERS PRIVATE LIMITED (Director, 22-Jul-2009 - 25-Mar-2014)

4. COPPER CASTLE RESORTS PRIVATE LIMITED (Director, 27-Jan-1993 - 01-Apr-2015)

5. FAIRLEAD LOGISTICS AND TRADERS PRIVATE LIMITED (Director, 11-Dec-2009 - 10-Nov-2014)

6. FAIR LOG WAREHOUSING & TRADING PRIVATE LIMITED (Director, 02-Sep-2013 - 15-Sep-2021)

7. RIGHT HAND DEVELOPERS (INDIA) PRIVATE LIMITED (Director, 16-Dec-2009 - 12-Oct-2022)

8. PEACH TREE SIGNAGE PRIVATE LIMITED (Director, 16-Aug-2012 - 31-Mar-2016)

KeralaExpose.org investigations and sources previously close to Siraj also inform us that Madathumpady Abdul Kareem Muheyiddin or Subair is a Director in Damac Holdings Private Limited – the fake Damac Dubai company in India and was previously a Director in Nakheel Properties Private Limited - the fake Nakheel Dubai company in India, both setup by Siraj and his associates. Subair is also known in Siraj’s inner circle to be one of the key benamis of Siraj and a holder of his benami companies and assets.

The Marker of a Benami: KeralaExpose.org enquiries about Chidambaram Balasubramoniam (Balu) in relevant circles confirm that he was not known for his business interests, professional expertise, or independent wealth - a clear and unmistakable marker for being a benami holding assets for Siraj. Similarly, KeralaExpose.org enquiries about Abdul Kareem Muheyiddin (Subair) in relevant circles confirm that he was a college mate of Siraj, one of his earliest business partners and as evidenced from being a Director in two fake companies - Nakheel Properties Private Limited and Damac Holdings Private Limited – clearly an associate of Siraj in his criminal wrongdoings and fraudulent activities. Reliable reports about him including from sources previously close to Siraj confirmed to KeralaExpose.org that he is one of the select few individuals who amassed a fortune from Siraj’s criminal wrongdoings and fraudulent activities.

KERALAEXPOSE.ORG ACTION ALERT: KeralaExpose.org is writing to Income Tax Kerala, Income Tax India, CBDT, the Enforcement Directorate, and the Ministry of Finance to rigorously investigate the source of funds of Chidambaram Balasubramoniam and Abdul Kareem Muheyiddin to be part of so many real estate companies and to ascertain whether both of them are bonafide businessmen or merely benamis for Siraj to conceal his wealth from investors, homebuyers, banks, and stakeholders whom Siraj and associates have cheated.

THE DESPERATE PITCH: INFECTING THE INDIAN REAL ESTATE GIANTS

Siraj’s Dealings with Brigade Group and Prestige Group

Confidential sources have revealed to KeralaExpose.org that Siraj has recently structured shady deals with BRIGADE GROUP and PRESTIGE GROUP. He is leveraging his relationship with the Kerala teams of both companies and his direct line with M R Jaya Shankar (Brigade) and Irfan Razack (Prestige) and through CREDAI - to develop residential apartment and commercial projects on land owned by Siraj’s benami land holders, family members, and criminal associates.

This desperate move comes after Siraj found that investors are refusing to buy his fraudulent promises directly anymore after investors and homebuyers in Mather Group and Asten Group cheated by Siraj started raising the alarm about Siraj’s cheating within the Kerala real estate investor community and the NRK community.

Pointer: Reliable sources have shared with KeralaExpose.org documents and email communications indicating that, prima facie, one deal points to Prestige entering into a joint venture development arrangement with Siraj and his siblings for an ancestral property Siraj jointly owns with his siblings. KeralaExpose.org is reviewing these documents and email communications. We have also been tipped off about other deals being discussed with both Brigade and Prestige to potentially develop the large benami land holdings Siraj possesses in the Greater Kochi area.

CASTING A WIDER NET: CONSPIRING WITH OTHER LEADING KERALA REAL ESTATE DEVELOPERS

Separately, with funds flow choking fully to Siraj after the implosion of Asten Group and the Kerala real estate investment community and investors starting to recognizing his criminal wrongdoings and fraudulent activities, reliable sources inform us that Siraj is in active, clandestine discussions with the following leading Kerala real estate developers:

• Skyline Builders

• SFS Homes

• Asset Homes

• Abad Builders

• Nanma Properties

• Chakolas Habitat

• Trinity Builders

• Prime Meridien

• Noel Builders

• Veegaland Homes

Siraj is attempting to launch projects on land he holds in benami names and shell companies using the company names and corporate fronts of the above leading real estate developers in Kerala to continue to dupe potential investors, as the Kerala real estate market has grown cautious in dealing with Siraj as his criminal wrongdoings and fraudulent activities have come to light and is spreading in the real estate investor base and community.

THE INSIDER JOB: HOW SIRAJ HIJACKED CREDAI KERALA

Installing his Key Associate, M. Sethunath, as CEO, CREDAI KERALA

Siraj is so influential in the Kerala Real Estate Sector that he managed to get one of his key fraudulent operators, M Sethunath, appointed as the CEO of CREDAI KERALA https://credaikerala.com/, the apex industry body representing builders in the state.

The History: M Sethunath colluded with Siraj in cheating customers in the Leisure Villa Project in Kakanad from where steel and cement were stolen which aggravated the bad foundation design and bad management supervision of the project by both of them. Reliable sources confirm M Sethunath colluded with Siraj in also managing Siraj’s fraudulent dealings in Mather Group and in diverting funds from Mather Group to Siraj’s benamis and shell companies when Siraj was MD & CEO and Sethunath was the Chief General Manager and CFO (2005-2012) in Mather Group as evidenced from his LinkedIn profile https://www.linkedin.com/in/sethu-nath-82ba0829/.

The Capture of the Real Estate Industry Association: Later, Siraj successfully maneuvered to get Sethunath appointed as CEO of CREDAI KERALA. He uses this influence over M Sethunath to control and manipulate CREDAI KERALA to support his dealings and get CREDAI KERALA’s cover and credibility for his criminal wrongdoings and fraudulent activities. CREDAI Kerala Leadership with M Sethunath’s active support, has given credibility and cover to Siraj’s real estate dealings which made it easier for Siraj to continue his fraudulent real estate activities and cheat investors and homebuyers with impunity. Also, Siraj placed himself as the key person from CREDAI KERALA in coordinating and channelling funds (legitimate - white money and illegitimate - black money) raised from the Kerala real estate developers to the political leadership across UDF, LDF and NDA and the key bureaucracy in charge of real estate sector thereby getting himself both political and bureaucratic cover for his criminal wrongdoings and fraudulent activities.

INSTITUTIONAL ROT: HOW CREDAI KERALA CEO IS SHIELDING SIRAJ - THE DEFUNCT ASTEN REALTORS IS STILL A ‘VALUED MEMBER’ OF CREDAI KERALA

We have attached the screenshot of the CREDAI KERALA Website (Kochi Chapter) https://www.credaikochi.com/members_directory.php taken at 03:56 PM (GST) on 25.11.2025. It shows Asten Realtors, led by Siraj (who has cheated close to 1,000+ investors), listed as a MEMBER of CREDAI KERALA. This listing grants Asten Realtors and Siraj the stamp of credibility of CREDAI KERALA to Siraj’s continuing fraudulent deals. This listing is proof of CREDAI KERALA and M. Sethunath’s support to Siraj. The screenshot is shared here as KeralaExpose.org anticipates that M Sethunath and CREDAI KERALA will rush to whitewash these references to Asten Realtors in the CREDAI KERALA website and erase the connection following the publication of this chapter in Investigative Report 1 by KeralaExpose.org.

Despite CREDAI KERALA being a public industry body holding fiduciary responsibility to ensure that its members do business with the highest professional and ethical standards, CREDAI KERALA continued Siraj to use CREDAI KERALA cover for his criminal wrongdoings, cheating and fraudulent activities even as on today with Asten Realtors Private Limited being displayed as a valued member of CREDAI KERALA / CREDAI KOCHI.

Who is responsible for this support for Siraj and Asten Group (Asten Realtors Private Limited) from CREDAI KERALA?

 

Imagine CREDAI KERALA being an arm of the Government? If membership were granted and continued by Government servants like how Siraj and Asten Realtors Private Limited enjoyed membership, its privileges, credibility and cover of CREDAI KERALA with impunity, those responsible would have been arrested and prosecuted for facilitating and supporting Kerala’s biggest scam ever. 

Here, 

Is anyone responsible from CREDAI KERALA?

Is anyone responsible from Asten Realtors Private Limited?

Is anyone responsible from the Government of Kerala, its departments and its agencies? 

 

STAY TUNED

KeralaExpose.org’s relentless crusade is to bring to light the unprecedented ₹ 2,000 Crore real estate scam perpetrated by K.A. Siraj Mather in the state of Kerala. He has successfully kept this under the radar of authorities, media, and public using his influence, money power, and religious fundamentalist network.

KeralaExpose.org will continue to expose Siraj and his associates until we get justice for the victims. Our reporting is not like mainstream media. We will see this scam - Siraj’s cheating of 2,000+ investors and families - to the very end, until authorities take notice and take action against all involved.