In a major operation, the Enforcement Directorate (ED) is currently conducting coordinated raids at various locations across Kerala in connection with the investigation into the now-prohibited Popular Front of India (PFI), under the Prevention of Money Laundering Act (PMLA).
The operation, which commenced early Monday morning, is being executed with the support of CRPF and Kerala Police personnel, covering districts including Ernakulam, Malappuram, Wayanad, and Thrissur. Noteworthy locations include Chavakkad in Thrissur, Kumbalam in Ernakulam, and multiple sites in Malappuram linked to former PFI associates.
In a previous development, the agency had in August seized immovable properties valued at approximately Rs 2.53 crore, belonging to Munnar Villa Vista Pvt Ltd., under the provisions of the Prevention of Money Laundering Act (PMLA). Reports suggest that PFI leaders and members associated with overseas entities were involved in the development of a residential project in Munnar, allegedly with the intent to launder funds sourced both internationally and domestically, with the purpose of generating finances for the PFI.
It is worth noting that on September 27, 2022, the Central government officially declared PFI and its affiliates or associates as unlawful entities.
