Masala bonds case: ED ready to issue fresh summons to Thomas Isaac

Kochi: The Enforcement Directorate (ED) has decided to continue its investigation in the ‘masala bonds’ case and will issue fresh summons to former minister Thomas Isaac next week.

The move came barely a day after the ED informed the Kerala High Court that it had withdrawn the summons issued to Isaac and the Kerala Infrastructure Investment Fund Board (KIIFB) in the case.

However, the ED is said to have taken legal advice on pursuing the case and has also assessed whether the High Court order is favorable to it.

Earlier, ED had sent summons to KIIFB and Ishaq. However, both the parties filed petitions in the High Court and declared the ED’s action illegal. Recently, Additional Solicitor General had claimed that all the summons issued by ED have been withdrawn citing some discrepancies.