Enforcement Directorate probe against KIIFB underway: Centre
New Delhi: The central government said that an Enforcement Directorate investigation is underway against the Kerala Infrastructure Investment Fund Board (KIIFB).
“The probe is regarding the investment of Rs 250 crore in Yes Bank. There is a probe against the CEO of KIIFB. Details of the investigation cannot be revealed now,” said Anurag Thakur, Minister of State for Finance and Corporate Affairs in the Rajya Sabha.
He was responding to a question if there were any investigations against KIIFB. The ED investigation against KIIFB follows the probe in the gold smuggling case.
According to the Centre, the investigation against KIIFB is based on a complaint over investing Rs 250 crore in Yes Bank.