Overview
- Multiple ED teams from Chennai, Kochi and Kozhikode, backed by the Central police force, carried out dawn searches at six locations linked to P. V. Anvar and his relatives in Malappuram.
- The investigation is being conducted under the Prevention of Money Laundering Act with a focus on tracing disproportionate assets, suspected benami holdings and diversions into real estate.
- Allegations cite collusion between Anvar, his driver A. Siyad and KFC Malappuram officials C. Abdul Manaf, T. Mini and P. Muneer Ahamed to bypass loan sanction norms.
- Case records describe a ₹7.5 crore loan to Siyad in 2015 without proper documentation that went unpaid, plus additional KFC loans of ₹3.05 crore and ₹1.56 crore to Anvar’s PVR Developers using the same collateral, totaling a ₹22.30 crore loss.
- No arrests or formal charges were announced, and complainant Murugesh Narendran recently testified to ED officials as Anvar, who joined the Trinamool Congress in January, remains under investigation.