ED interrogates former minister K Babu over unaccounted income
Thiruvananthapuram: Enforcement Directorate has quizzed former minister K Babu over unaccounted income. The interrogation was based on the charge sheet filed by Vigilance.
Meanwhile, Babu told ED that he doesn’t have any unsourced income and the charge sheet was based on false charges.
When Vigilance began probe against Babu, ED had conducted a preliminary investigation. While Vigilance inspected the houses of Babu’s relatives and accomplices and his offices, ED took note of the case.
Vigilance had filed a case of financial irregularity amounting to Rs 150 crore against Babu and accomplices. Following this ED also began probe in to the case. However, after the Vigilance probe, the financial fraud was reported only for Rs 25 lakh.
Babu was summoned to the ED office in Kochi the other day and his statements were recorded. He is of the stance that Vigilance made a mistake while calculating his assets. He repeated the same to ED officials. Babu said that the mistake occurred from Vigilance after they considered his travel and daily allowances as income.
Usually ED seizes the assets found by Vigilance in cases of financial irregularities. But here Vigilance has found only Rs 25 lakh as unsourced income.
As Vigilance has failed to find other details on his assets, it is expected that the procedure will be ended after his statements are recorded.