Ernakulam: The Enforcement Directorate (ED) is currently questioning MK Kannan, a member of the CPM state committee and vice president of Kerala Bank, in connection with the Karuvannur Co-operative Bank fraud case. Prior to this, the ED had conducted a raid on the Thrissur Service Cooperative Bank, where MK Kannan serves as the president, and subsequently summoned him for questioning during the raid.
The investigation centers around allegations of MK Kannan’s association with Satish Kumar, who had been apprehended by the ED in connection with the Karuvannur bank scam. In light of these allegations, the ED is diligently examining whether MK Kannan might have been involved in facilitating money laundering activities for Satish Kumar through the Thrissur Service Cooperative Bank.
MK Kannan has previously asserted that he has known Satish Kumar, the accused in the money laundering case, for several years and has not assisted him in any loan transactions.
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