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Tuesday, Jun 17, 2025
Isaac said that it was a politically motivated move in view of the approaching Lok Sabha elections.
KIIFB model has allowed Kerala to step up both is capital and social welfare spending in the last few years.
Masala bonds are rupee-denominated bonds issued by Indian entities to source funds from a foreign market for infrastructure development.
According to the agency, available evidence proved that money was diverted and spent in violation of rules.
ED had withdrawn its summons on December 14 after Isaac approached the High Court alleging political conspiracy.
CPM had given the nod to three leaders - former ministers Kadakampally Surendran and Thomas Isaac and former Speaker P Sivaramakrishnan - to move legally against Swapna a year ago.
"The ED has unconditionally withdrawn its summons against me and they have fled without leaving a trace", Isaac posted a triumphant note on his Facebook page.
In an interim order dated November 24, the high court clarified that this decision is subject to further orders from the court and scheduled the matter for further consideration on December 1.
The CPM leader accused the PM of turning a meeting to converse with the youth into a political one and called out the Central agencies for their failure to nab the smugglers.
Not even in the pre-GST era had anyone thought of amassing as much additional money from the public. But KN Balagopal has.
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