VACB sleuths questioned Babu for three hours after he was summoned to its office here this morning, sources said.
The officials had questioned Babu early this week in connection with another case related to issuing of bar licenses to hotels during his stint as Excise Minister in the previous UDF government in the state.
Emerging from the VACB office following the interrogation, Babu claimed that he has no business link with one Baburam, his alleged 'benami' in the real estate business.
According to an FIR filed before the Court of Inquiry Commissioner and Special Judge, Muvattupuzha, VACB Special Cell submitted that Babu, "who hails from a poor family, abused his power as a Minister to accumulate wealth."
"He had illegal connections with real estate mafia, business groups and 'benamis' in Ernakulam district and outside Kerala," it alleged.
Babu, a senior Congress leader, however, had rejected the allegations and challenged the agency to prove the charges against him.
Reiterating his stand, Babu today said, "I have no business link with Baburam.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
