Ernakulam: The Enforcement Directorate (ED) has come up with disclosure against P Rajeev, Minister for Law, Industries and Coir- Kerala. The ED filed an affidavit in the court regarding pressure on bank employees to sanction illegal loans in Karuvannur Bank. The ED filed the Counter Affidavit on the petition filed by Ali Sabri, who was involved in the fraud, stating that his bank account has been frozen.
Karuvannur Bank’s former secretary Sunil Kumar had also given a statement to the ED against Minister P. Rajeev. According to the affidavit, P Rajeev put pressure to sanction illegal loans when he was the CPI(M) Ernakulam district secretary.
There are many accounts in the name of CPI(M) local area committees. The ED has also found fraud done in the names of party building account and area conference souvenir account. According to the affidavit, during the last ten years the deposits through these secret accounts are more than Rs 100 crores.
The ED is assuming that the CPI(M) also received commission in the Karuvannur Bank investment fraud. Transfer of commission amount for benami loans was done through party accounts. The ED also said that more than half of the money was withdrawn from the party account after the irregularity came to light.
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