ED launches money laundering probe against Kerala CM’s daughter Veena Vijayan
THE JHARKHAND STORY DESK Kochi, March 27: Official sources reported on Wednesday that the Enforcement Directorate has initiated a money laundering…
Image: Coastal Digest
THE JHARKHAND STORY DESK
Kochi, March 27: Official sources reported on Wednesday that the Enforcement Directorate has initiated a money laundering investigation against Veena Vijayan, daughter of Kerala Chief Minister Pinarayi Vijayan, her IT company, and several others.
This probe aims to examine alleged illicit payments made by a private mineral company to her and the company.
According to the sources, the agency has filed a case under the Prevention of Money Laundering Act (PMLA) and intends to summon the parties concerned.
Sources stated that the Enforcement Directorate has filed a case after receiving a complaint from the Serious Fraud Investigation Office (SFIO), a branch of the Union Ministry of Corporate Affairs, for further investigation.
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Veena’s company received illicit payments worth Rs 1.72 crore
The case is based on an inquiry conducted by the Income Tax Department, alleging that a private company named Cochin Minerals And Rutile Ltd (CMRL) made an unlawful payment of Rs 1.72 crore to Veena’s company, Exalogic Solutions, between 2018 and 2019.
This payment was made despite Exalogic Solutions not providing any services to CMRL, according to the IT Department’s investigation.
Last month, the Karnataka High Court rejected a plea from Exalogic Solutions challenging the SFIO’s investigation.
