Archive · 2 Jun 2025
ED Names CPI(M) in Karuvannur Bank Scam
Imagine a bank in Kerala had a big problem.
The government is saying that the political party that runs it, called CPI(M), is in trouble.
They think the party and its leaders took over ₹300 crore without permission, like giving secret loans.
The ED found that money from the loans went to the CPI(M).
This is like when a political party and leaders might be using the bank for the wrong reasons.
The Enforcement Directorate (ED) named CPI(M) as an accused.
Several CPI(M) leaders, including K Radhakrishnan, are also named.
The case involves alleged misappropriation of over ₹300 crore from customer accounts.
Funds were reportedly siphoned through benami loans and forged documents.
The ED registered the ECIR based on a first information report filed by Irinjalakuda Police.
- Who
- CPI(M) and party leaders
- What
- The ED named CPI(M) as an accused in the Karuvannur Co-operative Bank scam case.
- When
- Not explicitly mentioned in the article.
- Where
- Kerala
- Why
- Investigation into financial irregularities and money laundering
- Accused
- CPI(M) and several party leaders
- Involved Party
- CPI(M)
- Financial Misappropriation
- Over ₹300 crore
- Location
- Kerala
- Key Accused
- K Radhakrishnan
- Source of Information
- Enforcement Directorate chargesheet
