Kerala HC stays ED notice against CM Vijayan in KIIFB Masala Bonds case
Kochi, Dec 18 (SocialNews.XYZ) The Kerala High Court on Thursday stayed the Enforcement Directorate’s (ED) notices issued in connection with funds raised through Masala Bonds by the Kerala Infrastructure Investment Fund Board (KIIFB), granting interim relief to Chief Minister Pinarayi Vijayan, former Finance Minister Thomas Isaac, KIIFB CEO K.M. Abraham and the KIIFB. The relief came a day after the Chief Minister directly approached the High Court, challenging the ED’s notices that alleged violations of the Foreign Exchange Management Act (FEMA) in the overseas fundraising exercise.