The Enforcement Directorate (ED) has issued summons to Kerala Chief Minister Pinarayi Vijayan’s daughter Veena Vijayan in the Exalogic-CMRL case. He has been directed to appear before the ED on Friday for questioning. Apart from Veena Vijayan, eight officials of Cochin Minerals and Rutile Limited (CMRL) have also been summoned by the ED as part of a wider investigation into alleged financial irregularities.
According to the information, this action has been taken after a high level review meeting held recently in Kochi. In this meeting, ED Director Rahul Naveen had instructed the investigation team to complete the investigation of the case expeditiously. Earlier, the division bench of the Kerala High Court had also given permission to continue the investigation proceedings. Meanwhile, ED has also started the process of seizing the amount of Rs 18.36 crore present in 242 frozen bank accounts. According to reports, one of these accounts belongs to Veena Vijayan. After getting the approval of the competent authority, the amount deposited in other accounts may also come under the ambit of confiscation.
Electronic evidence and banking records seized during the recent raids are also being examined by the ED. It is being told that the agency is also considering checking the bank lockers of Veena Vijayan before questioning. The case pertains to allegations that CMRL had paid Exalogic Solutions, a company linked to Veena Vijayan, for services that were never actually rendered.
In another development related to the same case, the Company Law Court of Kochi has directed to hand over important documents related to the chargesheet of the Serious Fraud Investigation Office (SFIO) to the ED. With this, comprehensive records will be available to ED for investigation. According to estimates, around 134 documents will be handed over to ED. These include agreements, bank statements and income tax records. Along with Veena Vijayan, Exalogic, CMRL and others associated with them are also under investigation. According to the ED, the main objective of the investigation is to verify how the flow of funds actually happened and what was the nature of the services behind the deals in question.
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