E.P Jayarajan seeks compensation from nephew over Vaidekam investment allegations
Jayarajan demands that the allegation be withdrawn and an apology issued. The legal notices stated that the claims have damaged his reputation.
E.P. Jayarajan, a leader of the Communist Party of India (Marxist) and former convener of the Left Democratic Front, has sent legal notices to his nephew E.P. Shyamjith and a news channel over allegations related to investments in the Vaidekam Ayurveda Resort in Kannur. The demands for compensation amount to ₹50 lakh from each party.
The controversy started when Shyamjith claimed that the money invested in the resort by Jayarajan's wife, Indira, belonged to S.N. Sasidharan Kartha, the managing director of Cochin Minerals and Retail Limited (CMRL). Shyamjith questioned the source of Indira's retirement benefits and other investments made in the resort. Jayarajan strongly denied the allegations, stating that he had no financial dealings with Kartha and that his wife had invested her retirement benefits through a bank transaction.
The issue has also involved allegations against Shyamjith's wife, Deepa, who reportedly committed financial irregularities.
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