ED Issues Fresh Summons to AC Moideen in Karuvannur Bank Scam Case
The Enforcement Directorate (ED) has recently issued renewed summons to AC Moideen, a former minister and CPM leader, as part of the ongoing investigation into the Karuvannur bank fraud case.
Initially, Moideen was summoned to appear on August 31, but due to his inability to collect the necessary income tax return documents spanning a decade—attributed to the extended leave of institutions during the Onam festival—he requested a deferral. He communicated to the ED that he would be available for questioning once he obtains the required documents, and he sought a two-week extension, as reported. This latest development has emerged amidst these circumstances.
The ED has now directed Moideen to present himself on September 4 at 11 am in their Kochi office.
In a previous incident, the ED had conducted a 22-hour search at AC Moideen’s residence in Thrissur on August 22. Subsequently, he was issued a notice to appear for interrogation. The case revolves around alleged unauthorized loans disbursed since 2010, leading to the misappropriation of significant sums from the bank’s deposits. The cooperative department estimates that fraudulent transactions could surpass Rs 125 crore. Moideen, who held the position of cooperation minister during the relevant period, is purportedly linked to these questionable transactions.
