ED attaches land, bank deposits worth Rs 73 lakh belonging to the CPI (M) in Kerala

ED Attaches CPI(M) Assets in Karuvannur Bank Scam Probe (Credit – Newsable)

Kochi (Kerala) – The Enforcement Directorate (ED) has attached a land parcel in Kerala and bank deposits worth Rs 73 lakh belonging to the CPI (M) as part of an ongoing money laundering probe linked to the Karuvannur Service Co-operative Bank scam. The ED has also attached property worth over Rs 28 crore from various individuals and organisations. ED claims that CPI (M) received these funds as kickbacks from the beneficiaries. The CPI (M) rejected the ED charges, saying it would legally and politically fight any move by the agency to arraign it in the case linked to the alleged multi-crore Karuvannur bank scam.

Editorial Perspective

Nationalist parties and organisations should demand that such corrupt party be banned.