NEW DELHI, Mar 4:
The Enforcement Directorate (ED) has arrested SDPI national president M K Faizy in a money laundering case linked to the banned terrorist organisation PFI as the central agency claimed there existed an “organic” relation between the two outfits and that PFI was carrying out its criminal activities through the political party.
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The Social Democratic Party of India (SDPI), founded in 2009 and headquartered in Delhi, is alleged to be the political front of the Popular Front of India (PFI), which was banned by the Union Government in September 2022.
The SDPI is registered with the Election Commission as a political party.
Moideen Kutty Faizy, 55, was taken into custody at 9:30 pm on Monday from the Indira Gandhi International (IGI) Airport after he landed here from Kochi, Kerala, official sources said Tuesday.
The ED recorded his statement and also impounded a mobile phone from him at the airport, the sources said.
A special Prevention of Money Laundering Act (PMLA) court sent him to ED custody for six days after he was produced by the agency on Tuesday.
Officials said that the ED has found evidence that PFI funds to the tune of Rs 4.07 crore were utilised by SDPI. (PTI)
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