Kerala Congress Labels ED Notice to Chief Minister Vijayan as 'Fraudulent' in KIIFB Masala Bond Case

Dec 02, 2025 09:31 pm CST

The Kerala Congress has denounced the Enforcement Directorate's show-cause notice to Chief Minister Pinarayi Vijayan in the KIIFB Masala Bond case as fraudulent. Senior leader Ramesh Chennithala accused both BJP and CPI(M) of manipulating the ED, suggesting political collusion. The controversy surrounds Rs 2,000 crore raised through masala bonds, with allegations of corruption and FEMA violations involving connections to the SNC-Lavalin company.