The ED has started a move to trace the assets of those who bought properties in Dubai. Malayalam film stars, businessmen, bigwigs in Kerala politics, and investors of the Popular Front who invested in Dubai are all being caught.
Even Chief Minister Pinarayi Vijayan was accused. There were many mysteries and criticisms about his Dubai trips. Also, money was received from Dubai into 13000 Indian accounts. All this is now being caught.
If buyers of properties in Dubai are involved in money laundering by violating foreign exchange laws, it will be discovered. It is a habit for many to smuggle corrupt money and smuggle terrorist funds from India and invest them in Dubai. There are Malayalam film celebrities who are starting shell companies in Dubai. Everyone will be locked up for sure.
Notices will be issued to those who have bought houses and buildings in Dubai to disclose their sources. Apart from Popular Front members, some filmmakers and political leaders from Kerala are likely to be caught. Rauf Sheriff had given a statement to the ED that Popular Front leaders had invested organizational funds in dance bars in Dubai. The ED had jailed two PFI leaders who had converted the accumulated donations into a resort in Munnar. The resort was also seized. Now, the Dubai property will be seized.
