Ernakulam, Dec. 6 -- Kerala Chief Minister Pinarayi Vijayan, reacting to the show-cause notice issued by the Enforcement Directorate over alleged FEMA violations in the KIIFB case on Friday, dismissed it as "utterly ridiculous".

The Kerala CM stated that such occurrences are expected when elections are around the corner. He emphasised that every project was executed in accordance with the Reserve Bank of India's guidelines under the KIIFB.

"When elections approach, certain things are bound to happen. They must be planning many such moves, and this may be one of them. They know what more is coming; we do not. But this particular action has turned out to be utterly ridiculous. Calling it a notice against KIIFB is completely laughable. Wha...