Will ED Give A Hard Time For Govt In Masala Bond?
The Enforcement Directorate (ED) started investigation into the permission to the Kerala Infrastructure Investment Fund Board (KIIFB) to issue masala bonds and whether the money raised has been utilised as per the RBI norms. How can ED ask the RBI for details on the CAG report that people have not yet seen? The government is questioning the logic behind the investigation by central agencies that came to investigate the gold smuggling case, into masala bond sold on the London Stock Exchange. But, should the state government set a boundary line of what the ED should and should not investigate? Will ED do the scrutiny of government? Super Prime Time discusses Thiruvanchoor Radhakrishnan, Raju Abraham and S Suresh.