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The Kannur DCC has alleged that people close to M V Jayarajan were involved in the fraud.
Ramesh also asserted, 'BJP will ensure the last remaining CPM leader ends up in jail.'
The ED has seized 4.66 cents of land purchased for the Porathissery local committee office.
The seized properties include a land parcel worth Rs 10 lakh in Thrissur district and Rs 63 lakh in deposits across five "undisclosed" bank accounts associated with CPM.
ED confiscated assets worth Rs 29 crore, including that of CPM and other individuals involved in the case, Manorama News reported.
Ratheeshan K (38), secretary of Karadka Agriculture Welfare Cooperative Society for the past 12 years, has vanished into thin air.
The party has about 100 "undisclosed" immovable assets in the form of office buildings in the Thrissur district.
ED has asked the party district secretary MM Varghese to produce the documents related to the party's assets in the district while appearing for an interrogation on April 22.
The court expressed concern over the ED's prolonged inquiry and asked what the agency was doing.
Poor people invest their hard-earned money and when it is lost, they lose faith in cooperative societies, the court said.