Ex-Kerala Minister Not Cooperating With Probe In Masala Bonds Case: Probe Agency
NDTV
The ED is probing the issuance of Masala Bonds by KIIFB which had later informed the court that permission for the issuance of the financial instruments were obtained from the Reserve Bank of India.
The Enforcement Directorate (ED) has said that former state Finance Minister Thomas Isaac was not cooperating with the probe into the financial transactions of the Kerala Infrastructure Investment Fund Board (KIIFB).
In an affidavit submitted by the ED before the Kerala High Court on Saturday, the agency said Isaac was making baseless allegations against the agency.
It said Mr Isaac was trying to stay away from the probe and stall the investigation.
The ED is probing the issuance of Masala Bonds by KIIFB which had later informed the court that permission for the issuance of the financial instruments were obtained from the Reserve Bank of India.
