CMRL-Exalogic case: ED questions Sasidharan Kartha’s wife and son
The ED has ordered CMRL management to hand over financial transactional data spanning the past 15 years.
The ED has ordered CMRL management to hand over financial transactional data spanning the past 15 years.
T. Veena (Veena Vijayan), daughter of former Kerala Chief Minister and current Leader of the Opposition, Pinarayi Vijayan, has sought a postponement of the ED questioning scheduled for Friday in connection with the Cochin Minerals and Rutile Ltd (CMRL) monthly pay-off case.
In a major development in the Exalogic–Cochin Minerals and Rutile Limited (CMRL) money laundering case, a special court in Kochi on Monday allowed the Enforcement Directorate (ED) access to 134 crucial documents originally collected by the Serious Fraud Investigation Office (SFIO).
The Enforcement Directorate (ED) is all set to intensify its money-laundering investigation into the CMRL-Exalogic financial transactions after a division bench of the Kerala High Court dismissed an appeal by the Cochin Minerals and Rutile Limited (CMRL) seeking to block the probe.
BJP leader Shone George has approached the Enforcement Directorate (ED) seeking an investigation into suspected offshore money transfers in the CMRL–Exalogic payout case, alleging that funds from Exalogic Solutions were routed to foreign bank accounts.
Cochin Minerals and Rutile Limited (CMRL) filed an appeal on Friday before a Division Bench of the Kerala High Court challenging a single-judge order which refused to quash the Enforcement Directorate's (ED's) investigation into the alleged monthly pay-off case involving Exalogic Solutions, a company owned by former Chief Minister Pinarayi Vijayan’s daughter Veena Vijayan.
The Enforcement Directorate (ED) has decided to widen its money laundering investigation in the CMRL-Exalogic case, with sources indicating that the probe is likely to extend to current ministers and political leaders.
The ruling effectively lifts previous procedural delays, clearing the way for the ED to resume its interrogation of CMRL officials and expand its probe
The SFIO charge sheet also states that CMRL officials have given statements that they did not receive any services from Veena’s company.
The Serious Fraud Investigation Office (SFIO) has leveled serious charges against Veena T (VeenaVijayan), daughter of Kerala Chief Minister Pinarayi Vijayan, in the Cochin Minerals and Rutile Limited (CMRL) - Exalogic Solutions monthly pay-off case.
