The Enforcement Directorate (ED) has named Kerala’s ruling CPI as an accused in the Karuvannur Cooperative Bank scam case, marking only the second time a political party has been booked under the Prevention of Money Laundering Act, media reports say.
The ED’s supplementary chargesheet lists 28 new accused, including CPI leaders MP K Radhakrishnan and MLA A.C. Moideen, bringing the total to 83. The Rs 300 crore scam involves fraudulent loans, benami transactions, and siphoning of funds from the CPI-controlled bank.
The CPI, named via its Thrissur district secretary, has denied the allegations. The ED alleges the party received “donations” from loan proceeds and has previously attached assets worth Rs 128 crore.