New Delhi: The Enforcement Directorate (ED), which is presently investigating allegations of several hundred crores being siphoned at the Karuvannur cooperative bank in Thrissur, which is controlled by the CPI (M), will be listing the political party as an accused in the case.
In the Thrissur bank case, the allegations pertain to an estimated Rs 300 crore being siphoned by the bank staff, with the scam also allegedly involving local functionaries of the ruling CPI(M), reported The Indian Express.
This is the second instance of the ED listing a political party as an accused in a case. Last month, the agency had named the Aam Aadmi party as an accused in the Delhi excise policy case.
Last year, the ED had said that the bank allegedly disbursed benami loans at the behest of CPI(M) MLA and former minister A C Moideen. In August 2023, the ED had raided Moideen’s house in Thrissur, reported The Indian Express.
Moideen was the minister for the local self-government department from 2016 to 2021 during the LDF regime. Before that, he had served as CPI(M) district secretary in Thrissur.
The ED has also provisionally attached party office land and Rs 60 lakh cash deposit at different bank accounts held by the CPI(M).
Reacting to the development, CPI(M) state secretary M V Govindan told reporters that the party would confront the case legally as well as politically.
By naming the CPI (M) as an accused, the ED is trying to create an impression that the party has involvement in the case, he said, reported The Indian Express.
