An Enforcement Directorate (ED) raid on the Communist Party of India-controlled Kandala Service Cooperative Bank has put the ruling Left Democratic Front (LDF) further on the defence.
The inspection comes close on the heels of the ED’s move to extend the Karvunnur Service Cooperative Bank scam to prominent Communist Party of India (Marxist) leaders and their alleged frontmen, including chit-fund operators, in Thrissur.
A contingent of paramilitary forces gave proximate protection to the ED officials who inspected the Kandala bank and houses of former office-bearers, most of them CPI leaders, almost simultaneously on Wednesday. The agency also investigated a CPI leader and former bank president on money laundering charges. The ED investigators examined his house and a restaurant run by his son in the capital.
