KOCHI: ED has issued a press release regarding the raid on the house and establishments of former MLA PV Anvar. The news release states that the investigation was conducted in connection with a loan transaction of Rs 22.3 crore and that various loans were arranged through KFC within a short period of time using the same property as collateral. The inspection by the joint team from Kochi and Kozhikode, which started at 7 am yesterday under CRPF protection, lasted until night.

The ED said in a press release that Anvar is suspected of diverting the loan amount. Anvar's benami property transactions are also being investigated. Anvar admitted during interrogation that he is the real owner of a firm called Malamkulam Construction. The firm is in the name of the driver and a close relative. The

See Full Page