KOCHI: The Karuvannur Co-operative Bank fraud is pointing fingers at party top guns. At this juncture, the Enforcement Directorate (ED) has decided to ratchet up work to find the beneficiaries of the fraud and trace how the crores wriggled out from the bank. Transactions of borrowers, middlemen, benami, political leaders, etc. in other banks are being scrutinized in detail.

Meanwhile, former minister A C Moideen will appear before ED for questioning on Monday. The initial finding is that about 300 crore rupees were stolen from Karuvannur Bank. Around 10 cooperative banks are under the lens of ED.

Kannur native P Satheesh Kumar is the main accused in the scam. He extorted Rs 150 crore as loans in fake names. ED is mired in serious work to unknot the method used in the fraud. According to ED, Satheesh is the second fiddle of many political leaders. K A Jijor, who was handling Satheesh’s money transactions informed ED about the participation of many political echelons in the scam.

The ED has raised a cloud of suspicion over other co-operative banks, which is said to have been used as a shield to commit fraud by these political leaders. Former minister A C Moideen has to produce all the documents of income, investment, and assets before ED on Monday.