A strong legal and political battle looms ahead for the CPI(M) as the Enforcement Directorate (ED) moves to implicate more party leaders in the multi-crore Karuvannur Cooperative Bank scam.
CPI(M) leader P.K. Biju is the latest recipient of an ED notice. The latest notices reportedly pertain to the CPI(M) ‘s alleged use of cooperative bank accounts to “launder money” of unknown provenance. By some accounts, at least 15 CPI(M) area committee secretaries in Thrissur were under the ED scanner.
The agency appears to be overwhelmingly targeting CPI(M) leaders in Thrissur district, including the party’s district secretary, M.M. Varghese and former Minister A.C. Moideen.
