New Delhi, Dec. 1 -- The Enforcement Directorate (ED) issued show cause notices to Kerala Chief Minister Pinarayi Vijayan and officials of the Kerala Infrastructure Investment Fund Board (KIIFB) in connection with alleged violations under the Foreign Exchange Management Act (FEMA), officials said.

The notices were issued 19 days back on November 12, 2025, during adjudication proceedings, said the officials, adding "the noticees are not required to appear personally."

Besides the Kerala CM (Chairman, KIIFB), the notices were issued to KM Abraham (CEO, KIIFB), T M Thomas Issac (Vice Chairman, KIIFB), and KIIFB.

The case concerns alleged irregularities in KIIFB's external commercial borrowings (ECB) through Masala Bonds issued on the Lond...