ED conducts fresh searches in Kerala in money laundering probe linked to CMRL case
The Enforcement Directorate (ED) on Tuesday conducted fresh searches at multiple locations in Kerala as part of its money laundering investigation linked to the CMRL case, in which former chief minister Pinarayi Vijayan’s daughter Veena was questioned, officials said.The agency is conducting searches at eight locations in the state under the provisions of the Prevention…
Key points
- The agency is conducting searches at eight locations in the state under the provisions of the Prevention of Money Laundering…
- The federal agency had conducted searches at locations linked to Veena in June and subsequently questioned her.
- The investigation is focused on the alleged financial transactions between CMRL and Exalogic Solutions.
The Enforcement Directorate (ED) on Tuesday conducted fresh searches at multiple locations in Kerala as part of its money laundering investigation linked to the CMRL case, in which former chief minister Pinarayi Vijayan’s daughter Veena was questioned, office-holders said.
The agency is conducting searches at eight locations in the state under the provisions of the Prevention of Money Laundering Act (PMLA), they stated.
The ED is investigating allegations that Cochin Minerals and Rutile Ltd (CMRL) made fraudulent payments amounting to Rs 2.78 crore to Veena’s now-defunct business, Exalogic Solutions, in the guise of payments for “IT consultancy services”.
The federal agency had conducted searches at locations linked to Veena in June and subsequently questioned her. At the time, she was living with Vijayan in a rented accommodation in Thiruvananthapuram.
(With inputs from PTI)
