Disclosure by Nedumbarambil Finance; ED prepares to question Anto Antony

KOCHI: The Enforcement Directorate (ED) has launched an investigation into Pathanamthitta MP Anto Antony in the Nedumbarambil Credit Syndicate (NCS) money laundering case. The ED investigation is extending to the MP following the revelation by NCS owner NM Raju that he transferred two crore to Anto Antony in 2019. ED will first question Raju in detail and record his statement based on the new revelation, and later question Anto Antony as well.

The ED has assessed that if Raju has transferred the amount, this money will have to be considered as proceeds of crime. Moreover, if this money was used for election campaign, it will be examined whether it was included in the election account. Raju alleged that he provided the large sum of money without documentation to Congress MP Anto Antony based on a verbal assurance of repayment within two months. Raju claims that Anto Antony returned only ₹20 lakh in two instalments over a seven-year period.