Thiruvananthapuram: The Directorate of Enforcement (ED) on Tuesday attached assets of former Kandala Service Cooperative Bank president and CPI leader N Bhasurangan and his family members in relation to the Kandala Service Co-operative Bank money laundering case. Assets totaling more than Rs 1.02 crore have been attached by the ED.
In a statement posted on ‘X,’ the ED announced, “ED has provisionally attached movable and immovable properties worth Rs. 1.02 crore under the provisions of PMLA, 2002, relating to N. Bhasurangan, former President of Kandala Service Co-operative Bank, Kandala, Thiruvananthapuram, and his family members in a money laundering case related to fraud in Kandala Service Co-operative Bank.”
Earlier this month, on the 19th, the ED filed the first charge sheet against Bhasurangan and his family members in connection with the case. The charge sheet, involving six accused, including Bhasurangan, reveals their involvement in the black money transaction amounting to Rs 57 crore.
Bhasurangan, identified as the first accused in the case, along with his son Akhiljith JB and daughter-in-law, faces charges related to the black money transaction. The ED further uncovered transactions involving lakhs of rupees through the accused’s bank account during the investigation.
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