Masala Bond case was politically motivated, KIIFB responds to ED


The chief minister had forwarded a letter to the Chief Election Commissioner (CEC) the other day pointing out that the action of ED when the assembly election is round the corner is a violation of the model code of conduct.

Thomas Isaac, KIIFB logo

Thiruvananthapuram: The Kerala Infrastructure Investment Fund Board (KIIFB) has come up against the case charged by Enforcement Directorate (ED) in connection with the Masala Bond.

The KIIFB made it clear in its reply to the ED that the action was politically motivated and they should withdraw from the move. KIIFB deputy managing director Vikramjith Singh who was summoned for recording statement did not appear before ED on Thursday.

The chief minister had forwarded a letter to the Chief Election Commissioner (CEC) the other day pointing out that the action of ED when the assembly election is round the corner is a violation of the model code of conduct. Following this, the KIIFB officials responded to ED.

Earlier, finance minister Thomas Isaac also had alleged that the action of ED was politically motivated. The ED had directed KIIFB CEO K M Abraham to appear at their Kochi office on Friday. As the government took a firm stand on the ED action, K M Abraham is unlikely to appear at the office.

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