ED files case against KIIFB: Notice to CEO

kiifb kerala

Thiruvananthapuram: The Enforcement Directorate has registered a case against Kifb for violating the Foreign Exchange Management Act. Kifb sent notices to CEO KM Abraham and Deputy CEO. He asked to appear for questioning next week.

The ED found that foreign funds were received without central approval. Axis Bank, Kifb’s flagship bank, has also been issued a notice.