In a recent development regarding the misappropriation of Rs 6 crore from the Kerala Advocates Welfare Fund Trustee Committee, the Enforcement Directorate (ED), Kochi Zonal Office, has seized five properties valued at Rs 1.78 crore. These properties, including three immovable and two movable assets, were acquired by M.K. Chandran and his family members in Kerala under the Prevention of Money Laundering Act (PMLA), 2002.
The ED’s action stems from an investigation initiated based on an FIR filed by the Vigilance and Anti-Corruption Bureau (VACB), Kerala, on May 11, 2018, against M. K. Chandran and others. The FIR relates to the alleged misappropriation of funds from the Kerala Advocates Welfare Fund Trustee Committee between 2007 and 2017.
Following a directive from the High Court of Kerala, the case was later transferred to the Central Bureau of Investigation (CBI), which submitted its final report on December 14, 2023. The ED’s probe under the PMLA, 2002, revealed that Chandran, while serving as the Accountant of the Kerala Advocates Welfare Fund Trustee Committee during 2007-2017, misused his position to embezzle funds.
ED attaches properties worth Rs 1.78 crore in Kerala misappropriation case
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