ED Raids On Kandala Service Cooperative Bank In Kerala Continues

The Enforcement Directorate on Thursday has raided on a cooperative bank in this southern Kerala district that began a day ago continued.

The ED raided the Kandala Services Cooperative Bank near Kattakada and several other locations, including the residence of its former president and local CPI leader N Bhasurangan.

Amidst the raids, Bhasurangan, who was being questioned by the ED, complained of uneasiness and was subsequently hospitalised.

Currently, he is admitted to the cardiac ICU of a private hospital.

Following the raids, a CPI’s district committee member told reporters that it took action against him (Bhasurangan) in the past and has now expelled him from the party’s primary membership.

The ED raids, which have been underway for over 24 hours now, were following reports of alleged irregularities of several crores having been committed by the ex-president and some other officials of the bank.