KOCHI: In the upcoming Lok Sabha elections, fund managers face heightened scrutiny as investigative agencies crack down on the influx of black money into party coffers. Agencies like the Enforcement Directorate are spearheading efforts nationally, targeting various political movements, while state-level police and vigilance systems are deployed against specific candidates.

Election Commission, alongside these agencies, intensifies monitoring to ensure fair practices during campaigning. Recent actions during state assembly elections, deemed as precursors to the national polls, saw ED officials investigating fund managers linked to politicians like Chhattisgarh Chief Minister Bhupesh Baghel, who faced allegations regarding a betting app scam.

Instances of financial irregularities have surfaced in various states including Kerala where investigations revealed undisclosed accounts tied to political parties like the CPM within cooperative banks.

With the impending campaign frenzy, fund managers must navigate stringent regulations and heightened vigilance. The recent Supreme Court ruling against electoral bonds further complicates fundraising efforts, prompting parties to seek alternative avenues while guarding against potential diversion of funds by rivals.