<h1>ED raids Kerala politician over alleged KFC loan diversion, benami firms and Rs 22.3 crore NPA township project</h1> Enforcement Directorate conducted raids on the residences and businesses of a Kerala political figure in connection with alleged loan misappropriation from Kerala Financial Corporation (KFC). The individual admitted taking KFC loans totaling Rs 9.5 crore, partly used to settle another loan, claiming substantial repayments and denying any black money or concealment. ED alleges diversion of sanctioned funds, use of nominal shareholders and directors, suspected benami ownership, and financial irregularities linked to entities that obtained multiple loans on the same collateral, leading to a reported NPA of about Rs 22.3 crore. ED also cites unapproved construction and infusion of alleged proceeds of crime in a township project.