ED serves notice again to former CPI leader, son in Kandala coop bank scam

Thiruvananthapuram: The Enforcement Directorate (ED) is understood to have served a notice to former CPI leader N. Bhasurangan and his son to appear for second rounds of questioning in relation to the alleged corruption and financial irregularities at Kandala Service Cooperative Bank here on Tuesday. 

ED recently questioned him and his son Akhiljith for hours at its office in Kochi. Bhasurangan contended that he would prove there was no fraud and that only some irregularities. He also told the media personnel that ED summoned him to collect statements and not for questioning. 

A few days back, ED officials conducted a raid at the bank and the houses of bank officials, including the residence of Bhasurangan, who was the former president of Kandala Bank. As per reports, ED received crucial information regarding massive irregularities linked with the bank. Based on the complaints, CPI expelled Bhasurangan from the party’s primary membership.

The ED raids were following complaints alleging extensive irregularities committed by the ex-president of Kandala Bank, along with other office bearers. 

Acting on this complaint, the ED has requested a report from the registrar of the cooperative societies. The registrar provided the report to the ED, and the ongoing inspection is a follow-up to the complaint.