Masala Bond case was 'politically motivated': KIIFB to ED

Thiruvananthapuram: The Kerala Infrastructure Investment Fund Board (KIIFB) has come up against the case charged by Enforcement Directorate (ED) in connection with the Masala Bond.

The KIIFB in its reply to the ED stated that the action was politically motivated and they should withdraw from the move.

Chief Minister Pinarayi Vijayan had forwarded a letter to the Chief Election Commissioner (CEC) on Wednesday pointing out that the action of ED when the assembly election is round the corner is a violation of the model code of conduct.

The ED had directed KIIFB CEO K.M Abraham to appear at their Kochi office on Friday.

As the government took a firm stand on the ED action, Abraham is unlikely to appear at the office.