The Enforcement Directorate (ED) has alleged that the CPM in Thrissur amassed over Rs 100 crore in undisclosed wealth over the past decade, linked to the Karuvannur Cooperative Bank scam.
According to a report filed in the High Court, funds were raised through party levies, election donations, and commissions from illegal bank loans. The money, collected via multiple secret accounts, was used for party expenses and property purchases, but not reported in official financial statements—violating Election Commission norms.
The High Court has directed the Crime Branch to probe all individuals named in the ED report, including CPM leaders, for possible involvement.
