Did everyone benefit through the high-interest bonds?; The opposition weaponizes the ambiguity in masala bonds.

Published Dec 2, 2025

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Thiruvananthapuram ∙ The Enforcement Directorate's case against the Kerala Infrastructure Investment Fund Board (KIIFB) is that funds collected through masala bonds from abroad were used to purchase land in violation of regulations. Kerala News, Masala Bond, Enforcement Directorate, VD Satheesan, Kerala Government, Masala Bonds controversy, KIIFB ED notice, Kerala Masala Bonds, V.D. Satheesan on KIIFB, SNC-Lavalin connection, Kerala political news, high-interest bonds Kerala, opposition alleges corruption, Enforcement Directorate Kerala, CPM BJP understanding, Ramesh Chennithala, KIIFB loan, മസാല ബോണ്ട് വിവാദം, കിഫ്ബി ഇഡി നോട്ടീസ്, കേരള രാഷ്ട്രീയം, വി.ഡി. സതീശൻ, എസ്എൻസി ലാവലിൻ ബന്ധം, പ്രതിപക്ഷ ആരോപണം, ഉയർന്ന പലിശ, കിഫ്ബി അഴിമതി, എൻഫോഴ്സ്മെന്റ് ഡയറക്ടറേറ്റ്, Manorama, Malayala manorama, manorama online, manoramaonline, malayalam news, manorama news, malayala manorama news, ന്യൂസ്‌, malayala manorama online, latest malayalam news, Manorama Online News, Malayalam Latest News, മലയാളം വാർത്തകൾ, മലയാള മനോരമ, in Malayalam, Malayala Manorama Online News, മനോരമ ഓൺലൈൻ ന്യൂസ്, മലയാള മനോരമ, മനോരമ ന്യൂസ്, മലയാളം വാർത്തകൾ, ED Notice Over Masala Bonds: Kerala Opposition Cries Foul, Alleges Lavalin Link

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Thiruvananthapuram ∙ The ED's findings against the KIF are that money collected through masala bonds from abroad was used to purchase land in violation of the rules, although the opposition is weaponizing the ambiguity in the masala bond. While foreign loans are obtained at a lower interest rate, the masala bond issued at 9.72% interest raises the question of who bought it, and the government needs to clarify this. The allegation raised earlier by Ramesh Chennithala regarding the Canadian company with a stake in the SNC-Lavalin company purchasing the masala bond is the same allegation that the opposition is raising in the new circumstances. If the CPM's argument is that the ED is politically exposed, the opposition also sees the current notice as a 'stunt' ahead of the elections. However, it is seen as a CPM-BJP drama to deceive the minority communities in Kerala with the notion of 'no secret agreement with the BJP'. The opposition alleges that central agencies and the central ...

Source: ManoramaOnline