Kochi: Property and cash deposits of CPM and others worth Rs 29 crore were attached
by the Directorate of Enforcement (ED) in the money laundering case related to Karuvannur bank scam in Thrissur in Kerala, media reports said.
A 10 cent property purchased in the name of CPM Thrissur secretary M M Varghese and Rs 60 lakh deposits in eight accounts were attached by the central agency probing the scam.
The ED provisionally attached the properties
allegedly bought using the deposits of the public in the bank.
The CPM will be indicted in the case being heard by a Special Court, the reports said.
It is first time in Kerala that a political
would be indicted in a money-laundering case. The Aam Aadmi Party is an accused in the Delhi liquor policy case.
According to the prosecution the accused siphoned off the money of depositors by generating fake loans from the bank in connivance with bank officials.
A CPM councilor of Wadakkancherry municipality was among those arrested in the case under the provisions of the Prevention of Money Laundering Act, 2002, the reports said.
