Cooperative Bank cash laundering case: ED summons CPIM chief Moideen
3 min readBy Express News Service
KOCHI: The Enforcement Directorate (ED) has requested CPIM chief and former Kerala minister A C Moideen to look for interrogation on August 31 at its Kochi workplace within the cash laundering case associated to the Karuvanannur Service Co-operative Bank mortgage scandal.
The ED communique from its Kochi workplace on Friday to Moideen, the MLA from Kunnamkulam, comes a day after it seized 36 properties valued at Rs 15 crore, together with Rs 28 lakh in fastened deposits within the names of Moideen and his spouse. The ED has additionally despatched discover to 4 ‘benamis’ of Moideen within the case, asking them to look at its Kochi workplace for questioning on August 31.
The rip-off surfaced after a number of depositors complained of loans being issued to unknown folks utilizing their mortgage paperwork. Later, an investigation revealed that Rs 150 crore had been siphoned off illegally.
The Central company, as a part of the investigation, acquired a number of WhatsApp chats revealing Moideen’s involvement within the case.
The ED officers mentioned that Moideen instructed the financial institution supervisor to launch loans to non-members of the financial institution who possessed no correct mortgage paperwork. Now ED is checking whether or not these loans had been issued illegally to his benamis. On Tuesday, ED searched the residence of Moideen, which lasted for round 22 hours.
Moideen was a minister of Pinarayi Vijayan-led LDF authorities from 2016–2021. He dealt with portfolios of industries, cooperation, native self-government, and tourism.
ED had raided the home of Moideen and his 4 aides, which ED considers the CPM chief’s benamis, viz., Kiran P P, Rahim C M, Shiju M Ok, and Satheesh Kumar P. The benamis are additionally requested to report back to the ED workplace in Kochi for interrogation.
KOCHI: The Enforcement Directorate (ED) has requested CPIM chief and former Kerala minister A C Moideen to look for interrogation on August 31 at its Kochi workplace within the cash laundering case associated to the Karuvanannur Service Co-operative Bank mortgage scandal.
The ED communique from its Kochi workplace on Friday to Moideen, the MLA from Kunnamkulam, comes a day after it seized 36 properties valued at Rs 15 crore, together with Rs 28 lakh in fastened deposits within the names of Moideen and his spouse. The ED has additionally despatched discover to 4 ‘benamis’ of Moideen within the case, asking them to look at its Kochi workplace for questioning on August 31.
The rip-off surfaced after a number of depositors complained of loans being issued to unknown folks utilizing their mortgage paperwork. Later, an investigation revealed that Rs 150 crore had been siphoned off illegally.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2’); );
The Central company, as a part of the investigation, acquired a number of WhatsApp chats revealing Moideen’s involvement within the case.
The ED officers mentioned that Moideen instructed the financial institution supervisor to launch loans to non-members of the financial institution who possessed no correct mortgage paperwork. Now ED is checking whether or not these loans had been issued illegally to his benamis. On Tuesday, ED searched the residence of Moideen, which lasted for round 22 hours.
Moideen was a minister of Pinarayi Vijayan-led LDF authorities from 2016–2021. He dealt with portfolios of industries, cooperation, native self-government, and tourism.
ED had raided the home of Moideen and his 4 aides, which ED considers the CPM chief’s benamis, viz., Kiran P P, Rahim C M, Shiju M Ok, and Satheesh Kumar P. The benamis are additionally requested to report back to the ED workplace in Kochi for interrogation.
