New Delhi, April 8 (ANI):
The Enforcement Directorate (ED) has filed a Prosecution Complaint (PC) against K Babu, former Kerala Minister for Excise, Fisheries, and Ports, under the Prevention of Money Laundering Act (PMLA), 2002. The complaint was submitted on March 26, 2025, before the Special Court (PMLA) in Ernakulam, which took cognizance of the matter on March 29.
The case stems from an FIR filed by the Vigilance and Anti-Corruption Bureau (VACB), Special Cell, Ernakulam, under sections 13(1)(e) r/w 13(2) of the Prevention of Corruption Act, 1988.
According to the ED:
“K Babu, while serving as a public servant between July 1, 2007, and May 31, 2016, engaged in criminal misconduct and acquired assets worth ₹25.82 lakh disproportionate to his known sources of income. He projected these assets as untainted, thereby committing the offence of money laundering under section 3 of the PMLA.”
Key Points:
- Amount involved: ₹25.82 lakh in disproportionate assets
- Offences: Criminal misconduct and money laundering under PMLA
- Asset attachment: Immovable property worth ₹25.82 lakh provisionally attached on June 25, 2024, under section 5(1) of PMLA
- Status: Case under judicial review by ED/CBI Court, CBI-II, Ernakulam
The ED alleges that K Babu used illegal gains as if they were legally earned, implicating him in processes connected with proceeds of crime (PoC).
The investigation is part of the ED’s broader crackdown on corruption and money laundering involving public servants and former officials.
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