Karuvannur bank case: Court accepts ED’s supplementary chargesheet against CPI(M), party leaders
A special PMLA court in Kochi has accepted the Enforcement Directorate's supplementary chargesheet against the CPI(M) and several party leaders in the Karuvannur Service Cooperative Bank money laundering case. The court has ordered the accused to appear for proceedings on July 4.
Why it matters
This is a significant legal development involving a major political party in a high-profile financial fraud case.
The Special Court for the Prevention of Money Laundering Act (PMLA) in Kochi on Saturday accepted the supplementary chargesheet filed by the Enforcement Directorate (ED) against 29 accused, including the CPI(M) and several of its leaders, in the alleged money laundering case related to the Karuvannur Service Cooperative Bank in Thrissur. The court is set to issue summons to those named in the supplementary chargesheet and direct them to appear on July 4. Of the total 83 accused in the case, two have turned approvers, while two others have died. So far, the ED has attached properties and assets worth ₹128 crore in connection with the case. Trial in the case is likely to begin soon, said sources.
The article reports on court filings and legal procedures without taking a political stance.
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