ED raids premises of former MLA PV Anvar, four others in loan misappropriation case in Kerala

NEW DELHI : The Enforcement Directorate (ED) is conducting search operations on Friday at multiple premises linked to former legislator PV Anvar and four others in connection with the Kerala Financial Corporation (KFC) loan misappropriation case. The ED is probing a case under the Prevention of Money Laundering Act (PMLA) against Anvar (58), his driver Siyad, and three KFC officials -Abdul Manaf, T Mini and Muneer Ahamed. The accused were allegedly involved in laundering money by fraudulently obtaining loans sanctioned by the Kerala Financial Corporation in 2015. PV Anvar, who served as the independent Nilambur MLA and his associates had availed loans amounting to Rs 12 crore in 2015. Anvar is accused of pledging the same property documents to secure two separate loans, causing a loss of Rs 22.30 crore to KFC due to default in repayment. The ED is examining disproportionate assets, suspected benami holdings, diversion of funds into real-estate projects, and other unaccounted investments to trace the laundering trail. The ED began its raid at Anvar's residence in Edavanna and at his business establishments, including an amusement park in the district, at around 7 am. Simultaneous searches were also carried out at the residences of Siyad and the KFC officials, the official said. VIDEO | Malappuram: ED raid former MLA PV Anvar's residence over alleged fraud after taking loan of Rs 12 crore from Kerala Financial Corporation. (Full video available on PTI Videos - https://t.co/n147TvrpG7 ) #Kerala pic.twitter.com/nB96fPebGG Press Trust of India (@PTI_News) November 21, 2025