No justification for repeated summons by ED to Thomas Isaac in KIIFB probe: Kerala HC


Thomas Isaac | Photo: Binoj P

Kochi: The Kerala High Court on Monday said there was "no justification" for the repeated summons to senior CPM leader and former minister TM Thomas Isaac by the Enforcement Directorate (ED) in connection with the probe into alleged violations by KIIFB.

The court put a hold on any issuance of summons by ED to Isaac, the CEO and the joint fund manager of the Kerala Infrastructure Investment Fund Board (KIIFB), in the case for two months.

Justice V G Arun said that investigation by the agency was not liable to be interdicted.

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The directions were issued by the court on the pleas of Isaac challenging the summons issued to him and of KIIFB opposing the probe into its financial transactions and the summons issued to its top officials.

The court also made the Reserve Bank of India a party to the case and asked it to file an affidavit on the matter of the masala bonds issued by KIIFB. Next hearing is scheduled for November 15.

(With PTI inputs)

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