Funds raised through masala bonds may have been diverted to family members of KIIFB officials: ED to Kerala High Court

The Court reserved its verdict on the pleas moved by the Kerala Infrastructure Investment Fund Board and Dr. Thomas Issac, challenging the summons issued by the ED in a probe into the KIIFB's financial transactions.
KIIFB (Kerala Infrastructure Investment Fund Board) and Kerala HC
KIIFB (Kerala Infrastructure Investment Fund Board) and Kerala HC

The Enforcement Directorate (ED) on Friday informed the Kerala High Court that the summons it had issued to former and current officials of the Kerala Infrastructure Investment Fund Board (KIIFB) was in connection with an investigation into possible diversion of funds raised through masala bonds.

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