Kochi : As part of ongoing investigations, Enforcement Directorate(ED) today attached controversial businessman and former Malabar Cements MD VM Radhakrishnan’s properties worth Rs. 23 crore.
The probe pertains to corruption in Malabar Cements during his stint with the company when corruption amounting to Rs. 52.5 lakh allegedly took place in the fly ash deals there.
Most corruptions are said to have been committed in conferring contracts of the company in coordination with legal officer Prakash Joseph and executive director of ARK Woods and Metal ltd S Vadivelu
Properties attached include those in Kozhikode, Palakkad and Wayanad.