ED interrogated former Kerala Chief Minister Vijayan’s daughter Veena for nine hours in the CMRL money laundering case. This inquiry was conducted by the Enforcement Directorate (ED) in a money laundering case. The case pertains to alleged links between his defunct information technology (IT) company and a mining company CMRL. Veena appeared before the ED at 10:30 in the morning and left the office at around 8 in the night. Earlier in the morning, heavy police force was deployed outside the ED office.
Here Veena got down from her car and went straight inside. The agency had asked him to appear before its Kochi unit on June 12, but he expressed his inability to appear citing health reasons. He was directed to appear with documents related to the transactions of his defunct IT firm Exalogic Solutions Private Limited.
Payment of Rs 2.78 crore was made
ED had on Tuesday questioned the son and wife of CMRL founder Sasidharan Kartha in this case. Earlier on Monday, the agency had also asked questions and answers to Kartha’s daughter in the same matter. This investigation is related to the allegations that Cochin Minerals and Rutile Limited (CMRL) had paid Rs 2.78 crore to Exalogic Company without taking any service.
According to the ED, another company of CMRL Managing Director Kartha, Empower India Capital Investments Pvt Ltd, had also given a loan of Rs 50 lakh to Exalogic, while the company allegedly failed to make timely repayments.
What is the allegation?
The agency alleges that the management of CMRL led by Veena and Kartha earned the proceeds of crime through these transactions. The ED had registered a case under the Prevention of Money Laundering Act (PMLA) based on a prosecution complaint filed by the Serious Fraud Investigation Office (SFIO) in an Ernakulam court in April 2025. It is known that SFIO is the investigation branch of the Ministry of Corporate Affairs.
CMRL company came under the radar of central agencies after a raid by the Income Tax Department in January 2019. That raid had revealed financial irregularities, which included some expenses worth about Rs 130 crore which were suspected to be fraudulent.
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