ED claims to have seized handwritten notes of Veena relating to fund transfer to Dubai

ED claims to have seized handwritten notes of Veena relating to fund transfer to Dubai The notes contain the "names of persons, amounts handled, spent" besides the amount transferred to Dubai.

Key points

• The agency remarked it rolled out the investigation after the findings of the Serious Fraud Investigation Office (SFIO) for corporate fraud and bribe payments.
• KPCC president and Electricity Minister Sunny Joseph termed the ED's claim of having unearthed incriminating evidence against Ms.
• The Directorate of Enforcement (ED) has asserted to have identified certain handwritten accounts maintained by T.
• The notes contained the "names of persons, amounts handled, spent" besides the amount transferred to Dubai.
• Veena was one of the recipients of funds from the CRML without rendering any services, stated that it had seized the handwritten accounts during the raid.

For context, the Directorate of Enforcement (ED) has asserted to have identified "certain handwritten accounts maintained by T. Veena, " daughter of Leader of the Opposition Pinarayi Vijayan, pertaining to ₹85 lakh allegedly transferred to Dubai.

Meanwhile, the notes contained the "names of persons, amounts handled, spent" besides the amount transferred to Dubai. The searches conducted on the premises related to Ms. Veena and the promoters of Cochin Minerals and Rutile Limited (CMRL) on May 27, 2026, yielded the documents, it remarked.

For context, the agency, which alleged that Ms. Veena was one of the recipients of funds from the CRML without rendering any services, stated that it had seized the handwritten accounts during the raid.

All the persons named in the handwritten accounts of Ms. Veena and the person who had provided the SIM card were covered during the search, according to a release issued by the ED.

Meanwhile, the digital devices seized from Ms. Veena had a photograph of a SIM card obtained in the name of another person for employ in a Wi-Fi router. It is suspected that the SIM card and the Wi-Fi router were obtained by her in the name of another person to employ them for communications through Internet-based calls.

For context, the agency asserted it had identified evidence related to the transfer of funds using hawala channels.

Notably, the seizures created by the ED demonstrated that Ms. Veena was handling amounts beyond her known sources of income. The amounts stated in her handwritten accounts were over and above the amount she received from the CMRL, the agency asserted.

Incidentally, the Kochi zonal office of the ED had conducted search operations on nine premises in Kozhikode on August 18 under the Prevention of Funds Laundering Act, 2002, in connection with alleged corporate fraud and bribe paid by CMRL.

Meanwhile, the agency remarked it rolled out the investigation after the findings of the Serious Fraud Investigation Office (SFIO) for corporate fraud and bribe payments. SFIO investigations had made public that fictitious cash expenses of ₹182 crore had been produced by the CMRL over a span of 15 years. It were applied for bribing various persons, the ED remarked.

One of the fake expenses booked by the CMRL was towards the payment created to Ms. Veena. Exalogic Solutions Private Limited, the now defunct firm owned by her, had allegedly received fraudulent payments totalling ₹2.78 crore from the CMRL under the guise of IT consultancy services. Additionally, Empower India Capital Investment Private Limited, operated by Sasidharan Kartha, MD of CMRL, extended loans to Exalogic totalling ₹50 Lakh, despite the firm failing to produce timely repayments, the SFIO had alleged.

KPCC president and Electricity Minister Sunny Joseph termed the ED's claim of having unearthed incriminating evidence against Ms. Veena as "extremely serious."

"Since the report contains findings about monetary transactions, the CPI(M)'s arguments about the case have proven to be baseless, " he remarked, demanding a response from Mr. Vijayan and the CPI(M).

In short, ED claims to have seized handwritten notes of Veena relating to fund is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.