Thrissur ∙ CPM’s strength on the first day was A.C. Moithin’s explanation that no evidence was found in the raid conducted by the Enforcement Directorate (ED) at his house. However, with the press release of ED yesterday, this has lost its strength. The ED found that Moiteen asked the bank to give benami loans and CPM district leaders were also involved in this.
Leaders including minister R. Bindu, who is also the MLA of Karuvannur constituency, said that the entire investment in Karuvannur would be returned, but nothing has materialized. All those who believed and waited for the party are now speechless.
A.C. Moiteen MLA attended CPM district secretariat meeting yesterday and explained the action of ED. He informed the party committee that he told ED that he knew P. Satishkumar. Moiteen also attended the CPM constituency committee meeting in Kunnamkulam.
3 more leaders on ‘radar’
Thrissur ∙ Karuvannur case may spread to 3 top leaders of CPM. Apart from AC Moitin, the investigation may extend to a former district secretariat member, former area secretary and a senior leader. It is said that one of them was involved in the fraud and the other 2 were accomplices in the fraud. The ED may also look into the statement of one of the accused that the share of fraudulent money had reached the election fund of one of the top party leaders. Biju Karim and Kiran, the accused in the Karuvannur case, said that the former district secretariat member was involved in the fraud.
A loophole investigation
Thrissur ∙ Karuvannur Bank’s investigation team tried to collect as many statements and evidence as possible, even though they had already received statements about the role of AC Moiteen and others in the black money transaction in Karuvannur Bank. Over a hundred people were summoned to the office in Kochi during the year-long investigation. All those who had taken loans of more than 30 lakh rupees and were in suspicious surroundings were summoned. Moiteen, Rahim, Satish, Anil etc. were investigated after calling some of them up to 4 times and confirming their statements.
The ED initially started the investigation with the conclusion that there was money laundering along with fraud in the bank. The first information was that after passing loans of Rs 50 lakh each in false names, they invested in industrial enterprises in countries like China, Dubai, Singapore and Malaysia. The investigation started in this led to fraud of crores and investments in benami names. It is reported that ED has collected all the documents of financial transactions of the accused along with digital evidence.
English Summary: Karuvannur Bank Fraud: Enforcement Directorate explanation gives CPM a shock
2023-08-24 23:26:02
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