ED Raids Kozhikode in CMRL Pay-off Case Involving Ex-Kerala CM's Daughter

Published Aug 18, 06:03 AM UTC

The Enforcement Directorate (ED) is conducting raids at eight locations in Kozhikode, Kerala, as part of the investigation into alleged financial transactions between Exalogic Solutions, a defunct firm owned by former Chief Minister Pinarayi Vijayan's daughter T. Veena, and Cochin Minerals and Rutile Limited (CMRL). These raids follow searches on May 27, 2026, at Vijayan's rented house in Thiruvananthapuram, his ancestral home in Kannur, and the residence of former minister P.A. Mohammed Riyas. The ED previously froze ₹18.36 crore in 242 accounts. The Kerala High Court upheld the validity of PMLA investigations. The Serious Fraud Investigation Office (SFIO) has filed a prosecution complaint alleging corporate fraud, including fictitious cash expenses of ₹182 crore over 15 years and fraudulent payments of ₹2.78 crore to Veena's company under the guise of IT consultancy services.