The Enforcement Directorate (ED) on Friday said that they were currently conducting extensive search operations at multiple locations connected to former Independent MLA P V Anvar and his associates.
The search operation began early Friday morning. “The raids are part of a money laundering probe stemming from alleged fraudulent loans sanctioned by the Kerala Financial Corporation (KFC) back in 2015,” said the ED official.
The official said that they were focusing on the generation of proceeds of crime, estimated to have caused a loss of Rs 22.31 crore to the financial institution.
The ED is examining allegations of disproportionate assets, suspected benami holdings, and the diversion of funds into real estate projects to trace the money trail.
Anvar, who was the Nilambur MLA from 2016 to 2021 with Left Democratic Front (LDF)/Communist Party of India -Marxist (CPM) support, was reportedly present during the searches, which officials describe as proceeding peacefully.