ED Uncovers ₹466 Crore FEMA Violation, Issues Notice to Kerala CM Pinarayi Vijayan in KIIFB Case
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CNBC Awaaz•01/12/2025
ED Uncovers ₹466 Crore FEMA Violation, Issues Notice to Kerala CM Pinarayi Vijayan in KIIFB Case
- •ED issues ₹466 crore show-cause notice to Kerala CM and two ministers.
- •Notice relates to KIIFB Masala Bond case and FEMA compliance.
- •KIIFB raised ₹2,150 crore in 2019 for infrastructure projects.
- •Notice issued 10-12 days ago; no personal appearance required.
- •Kerala CM has not yet responded to the notice.
Why it matters: This story matters because it raises concerns about financial transparency in government projects.
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