The Enforcement Directorate (ED) will question A.C. Moideen, former Minister and Kunnamkulam MLA, in connection with the multi-crore loan scam at the Karuvannur Service Cooperative Bank.
The ED has issued notice to Mr. Moideen to appear before it for questioning at its Kochi office on August 31. The ED has also issued notice to P.P. Kiran, C.M. Rahim and M.K. Shiju, alleged benamis of the former Minister, to appear before it.
The ED had conducted a 22-hour raid under the Prevention of Money Laundering Act of 2002 at Mr. Moideen’s residence recently. The raid was part of an investigation against benamis and beneficiaries who allegedly siphoned off funds of more than ₹150 crore from Karuvannur Service Cooperative Bank, according to an ED statement.
