Thrissur : The bank accounts belonging to former minister AC Moideen have been frozen by the Enforcement Directorate (ED) in connection with the ongoing investigation into the Karuvannur bank fraud case. Additionally, the accounts of three individuals suspected to be benami associates of Moideen have also been seized. This move follows a meticulous 22-hour raid conducted by the ED, culminating in the freezing of the accounts.
The intensive scrutiny and subsequent account freeze by the ED come in the wake of allegations surrounding the Karuvannur Co-operative Bank fraud case, which has reportedly involved Moideen. The investigation also extends to three individuals suspected to be connected to Moideen as benami proxies in the case.
The raid began with a sudden and swift action by the ED, which conducted thorough searches at the residence of AC Moideen, who is also the incumbent MLA of Kunnamkulam. Simultaneously, the houses and establishments linked to the three suspected benami individuals were also scrutinised.
AC Moideen addressed the media and confirmed that the ED had visited his residence as part of the investigation related to the Karuvannur Co-operative Bank case. He pledged full cooperation with the ongoing inquiry and informed them that the ED officials had examined the bank account details of himself, his wife, and his daughter.
In response to the raid, Moideen asserted that the primary objective of the ED was not to apprehend the accused in the bank fraud case but rather to ascertain the truth and potentially identify the culprits. The basis for the raid stemmed from a statement provided by an individual from Irinjalakuda alleging that financial assistance had been diverted to another individual to facilitate a loan from Karuvannur Bank.
AC Moideen maintained his willingness to cooperate with any investigations and conveyed that he currently holds no apprehensions. During the extensive search, the ED investigation team meticulously reviewed the property and examined every detail of Moideen’s residence. The authorities were provided with the requested house documents, loan records, and other property-related documentation.
Moideen emphasised that he had assured the officials of his willingness to deliver the required bank account information to their office promptly.
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