KOCHI: To evade confiscation by the Enforcement Directorate (ED), benamis have intensified their efforts to sell properties and buildings acquired through fraudulent loans in Karuvannur. However, even if these properties are sold, the ED will take action to seize them.

This sale of property has been prompted by the expansion of the inquiry to include Peringandur, Thrissur and Ayyanthol Co-operative Banks. ED has also received information about attempts to sell properties held under fake names including involvement from political figures at the highest possible prices. Those who purchase these properties will also face legal action. 'Kerala Kaumudi' reported yesterday that the ED has begun proceedings to confiscate properties valued at Rs 200 crore.

Additionally, the ED is conducting a thorough investigation into the financial transactions of individuals P Satish Kumar and PR Aravindakshan both of whom were arrested in connection with Peringandur Bank. During their investigation, the ED discovered that Binoy Mohan had deposited Rs 11 lakh into Arvindakshan's account at Peringandur Bank. Binoy Mohan had also deposited Rs 1.50 lakh into an account under the name Chandramathi. An amount of 63 lakh rupees had previously flowed in and out of Chandramathi's account. The ED was puzzled, as Aravindakshan's mother, Chandramathi had passed away three years ago. The ED has now taken a statement from Sreejith, Chandramathi's son, in an effort to ascertain the relationship between P Satish Kumar, PR Aravindakshan and Sreejith.