'ED's visit' nothing to do with Manappuram Finance, says its managing director

Kerala-based NBFC Manappuram Finance Ltd, whose assets worth Rs 143 crore were frozen by the Enforcement Directorate recently, has claimed that the "visit" of the agency was based on a "malafide FIR" pertaining to now defunct Manappuram Agro Farms. The ED had on May 4 said that it had frozen assets worth Rs 143 crore of Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation.

source https://economictimes.indiatimes.com/industry/banking/finance/eds-visit-nothing-to-do-with-manappuram-finance-says-its-managing-director/articleshow/100035176.cms