The investigation officers who were present in the court submitted that the investigation would be completed and the chargesheets filed within three months.
According to the ED report in High Court, the funds collected were partly utilised for local expenses, party meetings, acquisition of land and buildings for the party, and election-related expenses.
ED officials believe that CPM leadership was well aware of the scam but did not initiate any measures to stop accused persons from swindling money in the form of loans from the bank.
