Kerala: Cooperative bank fraud; ED confiscates Moideen’s property worth Rs 15 crore
June 9, 2026
  • Read Ecopy
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Android AppiPhone AppArattai
Organiser
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
  • Editorial
  • International
  • Opinion
  • RSS @ 100
  • More
    • Op Sindoor
    • Analysis
    • Sports
    • Defence
    • Politics
    • Business
    • Economy
    • Culture
    • Special Report
    • Sci & Tech
    • Entertainment
    • G20
    • Azadi Ka Amrit Mahotsav
    • Vocal4Local
    • Web Stories
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
  • Subscribe
    • Subscribe Print Edition
    • Subscribe Ecopy
    • Read Ecopy
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
  • Editorial
  • International
  • Opinion
  • RSS @ 100
  • More
    • Op Sindoor
    • Analysis
    • Sports
    • Defence
    • Politics
    • Business
    • Economy
    • Culture
    • Special Report
    • Sci & Tech
    • Entertainment
    • G20
    • Azadi Ka Amrit Mahotsav
    • Vocal4Local
    • Web Stories
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
  • Subscribe
    • Subscribe Print Edition
    • Subscribe Ecopy
    • Read Ecopy
Organiser
  • Home
  • Bharat
  • World
  • Operation Sindoor
  • Editorial
  • Analysis
  • Opinion
  • Culture
  • Defence
  • International Edition
  • RSS @ 100
  • Magazine
  • Read Ecopy
Home Bharat

Kerala: Cooperative bank fraud; ED confiscates Moideen’s property worth Rs 15 crore

Kerala CPM and its senior leader A C Moideen faces further heat in connection with Rs 150 cr Karuvannur bank fraud in Thrissur district. The latest report suggest that benami (proxy) properties worth Rs 15 cr, allegedly connected to Moideen, including 36 properties and other assets have been confiscated by ED

T SatisanT Satisan
Aug 26, 2023, 11:40 am IST
in Bharat, Kerala
Follow on Google News
CPM leader A C Moideen

CPM leader A C Moideen

FacebookTwitterWhatsAppTelegramEmail

The confiscation of Moideen’s properties comes close on the heels of the continuous  Enforcement Directorate (ED) raids at the former minister’s house which took more than 22 hours on August 23. According to reports, the confiscation is in view of the ED’s findings of Moideen’s involvement in the bank fraud.

ED had recently frozen the bank accounts of Moideen. Accounts in the names of Moideedn and his wife have been frozen on the basis of two orders. They are of bank deposits and fixed deposits worth Rs 28 lakhs.

Also, bank accounts of another three individuals have also been frozen. Those bank account holders are alleged to be Moideen’s benamies. The allegations against Moideen, in this regard, have been in the air since long.

Moideen had said that the ED aimed at making him an accused and put him in the web of suspicion and keeps on hounding him. He had added that the raid at his home was based on some one’s statement that he had helped somebody to avail a loan, of course, off the straight forward track. He had said, he was ready to cooperate with any investigation since he had nothing to fear or hide.

Now, CPM leaders maintain that the whole affair is frivolous. They allege that the Union government, led by BJP, misuses ED and IT department for political vendetta. They say that Moideen is a thorough gentleman and his life is transparent.  But, when asked about the involvement of CPM leaders and men, they flaunt a readymade answer – “We have expelled them from the party positions”.

Also Read: Kerala: CPM leader A C Moideen faces heat from ED in Rs 125.83 crore fraud in Thrissur’s Karuvannur Cooperative Bank

However,  BJP and other opposition parties are not at all ready to accept the CPM’s version. They know that it is nothing but an ‘unprofessional excuse’. It has turned into a cliché before the people; they use it quite often.

Few years back when a party MLA faced allegations of sexual abuse, they removed him from party positions for a few months. Still he continued as an MLA and he could even shared the dais with the CM in his capacity as MLA. An investigation team appointed by the party itself conducted the enquiry. Even though the complaint was lodged by a woman DYFI leader, party commission found that the accusation did not have the gravity she claimed. Later on a senior woman leader of CPM had publicly stated that her party possessed own police and court.

Similarly, CPM leaders keep on saying that they have discussed the issue in party fora. In another words CPM asks the people to believe what their leaders say when their party men’s involvements are alleged in one or other controversies. Naturally people wonder if CPM stands for their partymen and leaders alone.

They question, if CPM has any commitment towards the people. Even party’s rank and file are confused. They have to satisfy with what their leaders assert. Impartial observes believe that CPM follows the methodologies communist parties follow in countries where they are at helm. They cite the examples of North Korea, Cuba, Vietnam, China and old Soviet Union.

Topics: EDkeralaAC Moideen
Share14TweetSendShareSend
✮ Subscribe Organiser YouTube Channel. ✮
✮ Join Organiser's WhatsApp channel for Nationalist views beyond the news. ✮
Previous News

MSMEs are gems of most economies, contribute significantly to economic activities: Union Minister Piyush Goyal

Next News

Jammu & Kashmir: Terror model busted in Bandipora, arms and ammunitions recovered

Related News

Heera Group founder Nowhera Shaik (File Photo)

Telangana: ED arrests Nowhera Shaik’s aide in Heera Group Sharia-compliant Rs 3000 Cr investment scam

Keralam: BJP Mayor launches massive anti-drug crackdown near schools

NIA conducts raids across Keralam, Tamil Nadu and Karnataka in illegal explosives case; six arrested so far

Veena Vijayan Protection Squad: 19 CPM Workers Arrested for Brutal Attack on ED; Pinarayi Holds Press Meet | CMRL

Veena Vijayan Protection Squad: 19 CPM Workers Arrested for Brutal Attack on ED; Pinarayi Holds Press Meet | CMRL

Keralam ED freezes Rs 18.36 crore linked to Pinarayi Vijayan’s daughter; CPM hands over cadres in ED attack case

Keralam: ED freezes Rs 18.36 crore linked to Pinarayi Vijayan’s daughter in CMRL Pay-off case; 4 CPM workers arrested

Tamil Nadu-Sri Lanka drug trafficking case: ED conducts raids in Chennai, Ramanathapuram; John Britto named key accused

Load More

Latest News

The Ganesha idols are the historical evidence of the Temples of learning at Qutub Complex, part of the broken remains from the 27 Nakshatra Vidya Mandirs that were destroyed by invaders

Why is it important to reclaim the Hindu heritage of the ‘Qutub Complex’?

Uttar Pradesh launches major crackdown on coaching mafia and exam fraud networks

Uttar Pradesh: Paper leak syndicates, solver gangs and fake coaching centres face crackdown by Yogi government in UP

Banda Singh Bahadur

Banda Singh Bahadur Martyrdom Day: Betrayal of Guru Gobind Singh Ji by Mughals and the rise of Madho Das

12 years of Modi Govt: Meaningful philosophy or manufactured phenomenon; Bharat’s tryst with democracy

Prime Minister Narendra Modi during an overseas visit, greeting members of the Indian diplomatic and community delegation upon arrival. (File Photo)

Trade, Defence and Diaspora: PM Modi eyes Indo-Pacific reset with three-nation tour

Accused Nida Khan reportedly admits taking victim for religious instruction, teaching Islamic rituals

Nashik TCS Corporate Jihad: ‘I taught her how to do namaz,’ says Nida Khan; victim pressured to observe 30 ramzan roza

Germany: Sri Ganesha temple opens in Berlin: Europe’s largest Hindu Mandir reflects India’s cultural & dharmic spirit

Rajasthn | RSS centenary journey embodies dedication to nation-building: Dr Ramesh Agrawal

Decades of illegal infiltration from Bangladesh have driven profound demographic shifts in Assam, fundamentally altering its religious, linguistic, and political landscape

Unnatural demographic change: The termite threat

The Rs 200-crore MAHA Water Mission seeks to boost water security and democratise research funding in India

From Rigveda to Research Labs: How ANRF’s Rs 200 crore water mission is securing India’s future

Load More
  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

  • Home
  • Search Organiser
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Africa
    • North America
    • South America
    • Europe
    • Australia
  • Editorial
  • Operation Sindoor
  • Opinion
  • Analysis
  • Defence
  • Culture
  • Sports
  • Business
  • RSS @ 100
  • Entertainment
  • More ..
    • Sci & Tech
    • Vocal4Local
    • Special Report
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Health
    • Politics
    • Law
    • Economy
    • Obituary
  • Subscribe Magazine
  • Read Ecopy
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Policies & Terms
    • Privacy Policy
    • Cookie Policy
    • Refund and Cancellation
    • Terms of Use

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies