Kerala: ED raids CPI(M) MLA Moideen, others in cooperative bank linked money laundering case

Thiruvananthapuram: The Enforcement Directorate on Tuesday raided premises of former minister and CPI(M) MLA A C Moideen and some others as part of a money laundering investigation linked to an alleged Rs 100 crore fraud in the party-controlled Karuvannur cooperative bank, official sources said.

The federal



agency is covering about half-a-dozen premises in the state as part of the fresh searches being conducted under the provisions of the Prevention of Money Laundering Act (PMLA), they said.

Raids were carried out by the ED in this case in August last year too.