2 weeks ago
Fresh ED Raids in CMRL-Exalogic Case Involving Pinarayi's Daughter
There are special investigators in India called the Enforcement Directorate who check whether money has been obtained in a wrong way.
They are looking into a company called CMRL and another smaller company called Exalogic Solutions.
Investigators think CMRL gave about Rs 2.78 crore to Exalogic Solutions while pretending it was payment for computer IT services.
Exalogic Solutions belonged to Veena, the daughter of former chief minister Pinarayi Vijayan.
The investigators searched many places in a city called Kozhikode as part of this check.
Earlier, in May and June, they also searched some places and asked Veena questions.
The searches are happening because investigators suspect money was moved around in a sneaky way, called money laundering.
Nobody has been proven guilty yet, and the investigators are still collecting information.
The Enforcement Directorate (ED) carried out fresh searches in Kerala as part of its money-laundering probe in the CMRL-Exalogic Solutions case.
Eight locations in Kozhikode are being covered under the Prevention of Money Laundering Act (PMLA).
The action follows raids conducted against Cochin Minerals and Rutile Ltd (CMRL) in May.
The ED alleges CMRL made fraudulent payments of Rs 2.78 crore to Veena's now-defunct company Exalogic Solutions under the guise of IT consultancy services.
Veena, daughter of former chief minister Pinarayi Vijayan, was raided in June at a rented accommodation in Thiruvananthapuram and subsequently questioned.
- Who
- The Enforcement Directorate (ED); Veena, daughter of former chief minister Pinarayi Vijayan; and those allegedly involved in the money trail, including a politically linked person.
- What
- Fresh raids at eight locations in Kozhikode in the money-laundering investigation linked to the CMRL-Exalogic Solutions case, over alleged fraudulent payments of Rs 2.78 crore.
- Where
- Kozhikode, Kerala; a June raid targeted Veena's rented accommodation in Thiruvananthapuram.
- When
- Tuesday, as a follow-up to the May raids against CMRL; Veena was previously raided and questioned in June.
- Why
- The ED suspects money laundering, alleging that CMRL made fraudulent payments to Exalogic Solutions under the guise of IT consultancy services.
Key facts
- Investigating agency
- Enforcement Directorate (ED)
- Case
- CMRL-Exalogic Solutions money-laundering probe
- Legal basis
- Prevention of Money Laundering Act (PMLA)
- Fresh searches
- Eight locations in Kozhikode, Kerala
- Alleged fraudulent payment
- Rs 2.78 crore to Exalogic Solutions
- Companies involved
- Cochin Minerals and Rutile Ltd (CMRL) and defunct Exalogic Solutions
- Key person
- Veena, daughter of former chief minister Pinarayi Vijayan
- Earlier action
- May raids on CMRL; June raid and questioning of Veena in Thiruvananthapuram
Sources
Related news
ED Reports Dubai Transfer Notes in Vijayan Daughter Probe
ED Expands Exalogic-CMRL Probe, Summoning Veena Vijayan Again
Sunny Joseph Rejects Political Witch-Hunt Claim in CMRL Case
Pinarayi Vijayan Denies Family Hawala Link Amid ED Probe
ED Alleges Veena Vijayan Managed Funds, Sent Money Dubai
CPI(M) Leaders Vow Legal, Political Fight Over ED Searches
Cristiano Ronaldo’s Sister Elma Aveiro Meets Kerala Leader Satheesan
CPI(M) Faces Kannur Crisis As Vijayan Defends Party
Gaur Attack Kills Man; Relative Dies as Residents Demand Action
Policeman Injured After Syringe Stabbing During Kozhikode Patrol
Three Drown in Separate Kerala Incidents, Including Two Minors
