<h1>ED raids ex-MLA, aides over Rs 22.31 crore Kerala Financial Corporation loan fraud-linked money laundering probe under PMLA</h1> The Enforcement Directorate conducted searches at the premises of a former Kerala MLA and several associates in connection with an alleged loan fraud-linked money laundering investigation. The matter concerns purportedly fraudulent loans sanctioned by the Kerala Financial Corporation in 2015, allegedly causing a loss of Rs 22.31 crore. Investigators are examining disproportionate assets, suspected benami properties, diversion of funds to real-estate ventures, and other unaccounted investments to trace potential laundering activities. The principal political figure involved recently resigned as MLA and joined another national party.