ALSO READPMLA case: Hawala dealer Aslam Wani's ED custody extended till August 20 Fema violations: ED raids 12 Delhi locations, residence of former MLA Panama papers: I-T Dept to investigate accused under anti-black money act Note ban: ED attaches Rs 9,000 cr in black money; pulls up 1k shell firms Meat exporter Moin Qureshi sent to ED custody till August 31 under PMLA
Earlier, the ED had booked Thampi under Prevention of Money Laundering Act (PMLA) in connection with alleged wrongful approval for an engineering college in Thrissur by All India Council for Technical Education in 2009.
Thampi is the chairman of Holiday Group whose businesses extend across India and UAE.
According to the ED's earlier revelations, Thampi was accused of buying huge tracts of land via Foreign Direct Investment.
Following that there was also a look-out circular issued against him, after which Thampi had approached the Kerala High Court with a plea to revoke the circular.