On May 5, 2o23, the ED had frozen assets worth Rs 143 crore of MD and CEO VP Nandakumar after it conducted raids as part of an investigation in a money laundering case.
Get latest articles and stories on India at LatestLY. A day after the Enforcement Directorate officials visited the premises of Manappuram Finance Ltd, VP Nandakumar, the company s Managing Director and CEO has said that the ED s visit has nothing to do with the business affairs of the company and was based on a malafide FIR filed by a person who harbour a personal grudge against him and his family. India News | ED Visit Based on malafide FIR Related to 10-year Old Case, Claims Manappuram Finance.
A day after the Enforcement Directorate officials visited the premises of Manappuram Finance Ltd, VP Nandakumar, the company s Managing Director and CEO has said that the ED s visit has nothing to do with the business affairs of the company and was based on a malafide FIR filed by a person who harbour a personal grudge against him and his family.