Overview

• ED has filed a second supplementary PMLA chargesheet, naming 28 additional accused, including CPI(M)’s Thrissur district unit, raising the total number of accused to 83.
• The agency alleges over ₹300 crore was misappropriated through fraudulent and benami loans issued by the Karuvannur Service Cooperative Bank under party influence.
• Key CPI(M) figures arraigned include MP K Radhakrishnan, former minister A C Moideen and ex-district secretary M M Varghese.
• Assets valued at ₹128 crore have been provisionally attached under the PMLA as part of the ongoing ED investigation.
• CPI(M) state secretary M V Govindan has denounced the charges as a politically motivated conspiracy and vowed to contest them legally and politically.