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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.

Depositors have been waiting for a long time to get the money they had invested in Karuvannur bank.

This is the first time that the name of a minister in the CPM-led LDF government has come up in the Karuvannur scam.

The ED made the revelation in a counter affidavit filed before the court in response to a plea against provisional attachment.

The interrogation continued till night.