Ernakulam, June 25: The CMRL-Exalogic Case took another step forward on Thursday as the Enforcement Directorate (ED) questioned Veena T for the second time over alleged financial transactions involving Exalogic Solutions and Cochin Minerals and Rutile Ltd. (CMRL).
Veena T, the owner of Exalogic Solutions and daughter of former Kerala Chief Minister and Leader of the Opposition Pinarayi Vijayan, appeared before the ED office in Ernakulam. She arrived with her husband, MLA P. A. Mohamed Riyas, who also served as a minister in the previous Kerala government.
Second Round of ED Questioning
The ED issued a fresh summons after examining Veena’s earlier statement and reviewing additional documents received from the Serious Fraud Investigation Office (SFIO).
Officials questioned her about payments received by Exalogic Solutions, the services the company allegedly provided to CMRL, and other financial transactions linked to the case.
Earlier this month, the agency questioned Veena for more than eight hours. She had initially requested more time to appear before the ED, citing health reasons. The agency later issued a fresh notice, and she appeared for questioning on June 17.
What Is the CMRL-Exalogic Case?
The CMRL-Exalogic Case began after observations made by the Income Tax Interim Settlement Board regarding payments made by CMRL to Exalogic Solutions.
According to investigators, Exalogic Solutions received around ₹2.78 crore from CMRL. The agencies are examining whether the payments matched the services provided under the agreement.
The ED is also looking into a ₹50 lakh loan transaction involving Empower India Capital Investments, a company linked to CMRL Managing Director Sasidharan Kartha.
ED Reviews Financial Records
As part of the investigation, the Enforcement Directorate is examining bank records, digital transaction details, agreements and financial documents. Officials are trying to determine whether any violations occurred under the Prevention of Money Laundering Act (PMLA).The SFIO is conducting a separate investigation into the matter.
Investigation Still Underway
The CMRL-Exalogic Case remains under investigation. The ED has not filed any charges against Veena T or any other individual. Officials said they will continue analysing the available evidence before deciding on the next course of action.
The case has drawn political attention in Kerala because of Veena T’s family background. However, investigators have not reached any final conclusions.