The probe relates to the generation of proceeds of crime through irregular loan sanctions, causing a loss of Rs 22.31 crore to Kerala Financial Corporation.
Both Anvar and the Congress leadership have claimed that the deadlock was due to differences over the selection of the United Democratic Front (UDF) candidate and TMC’s induction into the front.
TMC state secretariat member E A Suku, the right-hand man of the former MLA, confirmed that Anvar plans to submit his nomination for the bypoll on June 2.