THRISSUR: ED sends notice to CPM state committee memberA C Moideen in the Karuvannur Cooperative Bank fraud case. A notice was issued asking him to appear for questioning at the office in Kochi on the 31st of this month.

ED alleges that A C Moideen was involved in the Benami transaction of crores in the bank. Bank fixed deposits of Rs 28 lakh in the name of Moytheen and his wife were frozen last day. This is according to the documents obtained during the raid at Moideen's house in Thrissur.

CPM Thrissur district leaders are also involved in the scam, ED said in a press release. Recently, raids were conducted on the residences of six individuals including A C Moideen. Properties valued at 15 crores across 36 locations have been seized. Earlier, assets worth Rs 30 crores belonging to A K Bijoy were confiscated.

At the same time, there are reports that the bank gave loans to fifty-two people without following the procedure. The bank lost Rs 215 crore from them alone. Biju Karim, who is said to be related toA C Moideen, swindled Rs 23.21 crore. Only five people have been charged by the crime branch. Moreover, the crime branch has not investigated the benami transactions.