New Delhi/Kochi | The Enforcement Directorate on Tuesday said it has arrested two persons in Kerala in connection with its ongoing money laundering probe linked to an alleged Rs 150 crore fraud in the CPI(M)-controlled Karuvannur cooperative bank.

Sathish Kumar P and Kiran P P were taken into custody on Monday and a special Prevention of Money Laundering Act (PMLA) court has sent them to three days of ED custody, the agency said in a statement.

The ED had conducted fresh raids in this case in Kerala last month including at the premises of CPI(M) MLA and former cabinet minister A C Moideen. The legislator has been summoned by the agency for questioning but he is yet to appear before them.