Overview
- Teams from ED units in Chennai, Kochi and Kozhikode, backed by central security personnel, searched multiple sites in Malappuram including Anvar’s home and an amusement park.
- The money-laundering case under PMLA stems from a Vigilance inquiry into alleged misappropriation at KFC’s Malappuram office following a complainant’s testimony.
- Those under investigation include Anvar, his driver A. Siyad, and KFC officials C. Abdul Manaf, T. Mini and P. Muneer Ahamed.
- Records cited in reports say a ₹7.5 crore loan to the driver lacked proper documentation, then two more loans of ₹3.05 crore and ₹1.56 crore were issued to Anvar’s firm using the same collateral, leaving KFC with losses totalling about ₹22.30 crore.
- The agency is tracing disproportionate assets, suspected benami holdings and possible real-estate diversions, with no arrests reported as searches continue.