Vaidekam resort raid conducted based on complaint by journalist: Reports

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Kannur: A raid conducted by the income tax department at the Vaidekam Ayurveda Healing Village resort in Kannur was initiated by a complaint filed by a journalist in Kochi, as per sources. The complaint alleged that the resort was being used for money laundering activities, including foreign currencies. The resort reportedly received illegal investments, with the former managing director KP Ramesh Kumar, being identified as the mastermind. The complaint further claimed that a Kannur native expat businessman was the primary investor in the resort, which was being utilised for tax evasion and money laundering activities.

The complaint stated that the resort handled approximately Rs 7.26 crore by way of funds. Despite PK Indira, wife of EP Jayarajan, being a major shareholder and current chairperson of the business, the complaint did not name her or her family. Indira's shares, worth Rs 80 lakh, were allegedly bought with the money she earned while working at the district bank. Additionally, Jaison, another member of the family, has invested Rs 10 lakh in the resort.

The Kannur Ayurvedic Medical Care Private Ltd was established in December 2014, and Indira was elected chairperson on December 17, 2021. The present managing director, Shaju, is a close associate of Jayarajan. The resort, located in Bekkalam in the Anthoor municipality, has been surrounded by controversies since inception. The Kerala Sasthra Sahithya Parishad previously accused the resort of leveling a hill for construction and more recently, CPM former Kannur district secretary P Jayarajan alleged that EP Jayarajan had amassed disproportionate assets and invested in the resort.

Although leaders have denied these allegations in public, it is believed that Jayarajan is dissatisfied with the party's handling of the situation and his absence from the Jayakeeya Prathirodha Jatha of MV Govindan is reportedly causing a stir.

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