Complaint that Kifbi violated foreign exchange rules; ED notice to Thomas Isaac

by time news

Kochi: ED notice to former finance minister Thomas Isaac. The notice asks him to appear at the ED office in Kochi on Tuesday. The notice is related to the financial transaction in Kifbi.

The investigation by ED is based on the complaint that Kifbi violated the Foreign Exchange Act and received money from abroad. During the assembly elections last year, notices were sent to Kifbi CEO and Deputy CEO and their statements were recorded. Based on this statement, it is indicated that the ED is calling Thomas Isaac, who served as the vice-chairman of KIFB as the former finance minister, for questioning.

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