2024-07-02 12:54:36
New Delhi: The Enforcement Directorate (ED), which is investigating cash laundering in Karuvannur Service Cooperative Financial institution, has hooked up an alleged plot of the Communist Get together of India (Marxist) (CPI-M) in Kerala and financial institution deposits price Rs 73 lakh. The ED crew, which is investigating allegations of crores of rupees of embezzlement within the CPI(M)-controlled Karuvannur Cooperative Financial institution in Thrissur, is able to make the social gathering an accused on this case. Simply final month, the ED had named the Aam Aadmi Get together (AAP) as an accused within the Delhi liquor rip-off case. This was the primary time {that a} political social gathering was made an accused by the ED in any case. On the similar time, the CPI(M) has denied the allegations of irregularities and cash laundering and has additionally mentioned that it’s going to strongly oppose any transfer of the investigating company to make it an accused.
Was the plot meant for a CPI(M) workplace
The CPI(M) has denied the ED’s allegations and mentioned it is going to battle legally and politically any transfer by the investigating company to make it an accused within the case associated to the alleged multi-crore Karuvannur financial institution rip-off. The social gathering’s state secretary M V Govindan alleged that the ED was attempting to make opposition events and their leaders accused in numerous circumstances for political causes. The ED believes that the plot it has seized was meant for the CPI(M) social gathering workplace and was bought with alleged bribes acquired from debtors or beneficiaries of loans sanctioned by the Karuvannur Service Cooperative Financial institution.
Allegations of embezzlement of Rs 300 crore
Within the Thrissur case, it’s alleged that about Rs 300 crore was embezzled by financial institution workers and native officers of the ruling CPI (M) had been concerned within the rip-off. Karuvannur is likely one of the cooperative banks that has been accused of monetary fraud within the final three years. The whole matter is being investigated by the ED. The financial institution had refused to return the cash of a number of thousand clients. This rip-off shook the CPI (M) authorities of the state in 2021. The Kerala authorities used to pat its again for having a powerful cooperative financial institution, now the identical financial institution is accused of rip-off.
Severe allegations in opposition to the minister
The ED had mentioned final 12 months that the financial institution had disbursed benami loans on the behest of CPI(M) MLA and former minister A C Moideen. In August 2023, the ED raided Moideen’s home in Thrissur. Moideen served because the minister of the native self-government division from 2016 to 2021 throughout the LDF regime. Earlier he served because the district secretary of the CPI(M) in Thrissur. The financial institution had 12,000 depositors and a few had allegedly dedicated suicide when the financial institution refused to return their cash.