New Delhi: The Enforcement Directorate of CPM’s Kerala District Units was accused of CPM accused in the money laundering case arising out of Rs 150 crore from Thrisur-based Karuvanur Cooperative Bank, which is only the second example of political formation named as an accused in one case. The ED has filed CPM units before a special court in the latest prosecution complaint (charge sheet). Other accused include senior party nets from the state, including Radhakrishnan, the Lok Sabha MP, who was questioned last month.After CPM AAP, the other side (or its district unit) has become one accused. Demanding relief from the Supreme Court, AAP was made an accused after his senior leader Manish Sisodia, argued that since his party, it was alleged that he had received bribe, not an accused was made, he could not be booked under PMLA. In both cases, Ed has treated parties (AAP and CPM), such as a company defined under Section 70 of PMLA, has booked them to pay or receive bribes.Instead of the central unit of CPM, according to the officials aware of the investigation, these are local district units nominated in the charge sheet, as they opened accounts to get funds from “income of crime” through their secretaries.Its investigation report in Ed stated that CPM units maintained at least 25 unidentified accounts in question with several cooperative societies in the name of field committees, with total balance of Rs 1.7 crore and fixed deposit of Rs 64 lakhs, till 30 November, 2023.Many of these bank accounts were not disclosed by the party. “On the observation of the balance sheet, it was observed that 25 bank accounts of 17 area committees of CPM were not disclosed. A source said that in the last 10 years, the actual deposits in these unknown accounts are estimated to be more than Rs 100 crore, as the said figures are only the end balance as November 30, 2023, “a source said.With partial revelations, the Balance Sheet audit of CPM, during his interrogation, was presented to the ED by MM Varghese, Secretary of Threesur District Committee.“In the name of CPM Porteri North Local Committee (A/C No 5578), undeclared accounts have been opened by the secretaries of the local committee; CPM Party Building Fund (A/C No 9513), CPM PorthSyry South Local Committee (A/C No 8858), CPM Kshetra Conference Savinner (A/C No. 8858) 5580) Prior to Kerala High Court during the hearing of the relevant case.Ed has found the inauguration of party bank accounts in violation of the sub-laws of the society as it was done without giving any membership. According to the ED investigation, the sources of deposits in these bank accounts were collections from party levy, party funds, election funds, building funds, beneficiaries, which were sanctioned illegal loans from the cooperative bank and contributed by the nominee board members, who in return, collected funds from Lona.
