The troubles of Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan, seem to be increasing. The Enforcement Directorate (ED) has once again sent summons for questioning in the money laundering case related to mining company CMRL. ED has asked him to appear on June 29. This will be ED’s second interrogation of Veena.
Earlier on June 17, ED had interrogated Veena for more than 9 hours in its Kochi office. This case is registered under the Prevention of Money Laundering Act (PMLA). Which is being investigated.
Instructions to appear on June 29
On June 19, ED officials had also examined Veena’s bank lockers in Thiruvananthapuram. According to ED sources, after analyzing Veena’s statement and the evidence found in the investigation, re-interrogation was considered necessary. Therefore, on June 29, a new notice has been issued to him to appear before the ED once again.
Statements of four other accused also recorded
Sources said that till now the statements of four other accused have also been recorded. The case pertains to alleged financial transactions between mining company Cochin Minerals and Rutile Limited (CMRL) and Veena T’s defunct IT company Exalogic Solutions Pvt Ltd.
what is the matter
The ED investigation is related to the payment of Rs 2.78 crore by Cochin Minerals and Rutile Limited (CMRL) to Veena’s company Exalogic Solutions Private Limited. It is alleged that this payment was made to Exalogic without providing any service. The agency says that CMRL MD Sasidharan Kartha’s company Empower India Capital Investments had also given a loan of Rs 50 lakh to Exalogic while the company had failed to repay the loan on time. The ED has alleged that Veena and the management of CMRL earned the proceeds of crime through these transactions.
Case registered on SFIO complaint
ED had registered this case on the basis of the complaint of Serious Fraud Investigation Office (SFIO). SFIO had filed a complaint in Ernakulam Court in April 2025. SFIO is the investigating agency of the Ministry of Corporate Affairs. He had alleged that there was an agreement between Exalogic and CMRL in which payments were made without service.
CMRL is under the scanner of central agencies after the Income Tax Department raid in January 2019. In which alleged financial irregularities came to light, including suspected fraudulent expenditure of approximately Rs 130 crore. ED alleges that Veena and CMRL management earned proceeds of crime from these transactions.
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