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Bineesh, who was arrested in the case in 2020, was released on bail after spending a year in prison.
Bineesh had been arrested on October 29, 2020, for allegedly transferring Rs 50 lakh to the operator of an alleged drug racket.
Bineesh, who served a year in prison in the case from 2020, had moved a sessions court in Bengaluru for deletion of his name from the accused list.
Thiruvananthapuram District Cricket Association secretary Vinod S Kumar replaces Sreejith V Nair as the new secretary.
The Karnataka High Court had granted bail to Bineesh in October last year after he spent nearly a year in jail.
It is not by projecting an aura of might that Kodiyeri has built a huge following within the party, but by playing to the gallery. He has a penchant for reckless utterances that could wildly excite the party's foot soldiers.
According to party sources, the party secretariat is set to take a decision on reappointing him to the post.
The son of CPM Politburo Kodiyeri Balakrishnan said the Enforcement Directorate wanted to him give false testimony in the money laundering case in which he was arrested.
Bineesh, son of veteran CPM leader Kodiyeri Balakrishnan, completed a year in prison on Friday.
A decision on Kodiyeri's return to the post will be taken by the state leadership after consulting the party central leaders.