According to official sources on Wednesday, the Enforcement Directorate has opened a money laundering case against Veena Vijayan, the daughter of Kerala Chief Minister Pinarayi Vijayan, her IT company, and a few other parties in order to look into claims that she and the company received illicit payments from a private mineral firm.
ED files money laundering case against Kerala CM's daughter Veena, IT firm owned by her, others in 'illegal' payments case: Officials#ED #Veena #Kerala #PowerCorridors pic.twitter.com/OZLCdJxyjH
— POWER CORRIDORS (@power_corridors) March 27, 2024
Enforcement Actions Underway: PMLA Complaint and Investigations by SFIO and ED
According to the sources, the agency has filed a complaint under the Prevention of Money Laundering Act (PMLA) and plans to summon the parties concerned.
The Serious Fraud Investigation Office (SFIO), the Union Corporate Affairs Ministry’s investigative branch, filed a complaint, and the ED took notice of it and booked the case, they said.
Allegations and Legal Challenges: Income Tax Department’s Investigation and Karnataka High Court’s Ruling
The case is the result of an investigation by the Income Tax Department into allegations that a private company named Cochin Minerals And Rutile Ltd (CMRL) illegally paid Veena’s company, Exalogic Solutions, Rs 1.72 crore between 2018 and 2019, despite the fact that the IT company had not rendered any services to the business.
Last month, the Karnataka High Court rejected a plea from Exalogic Solutions challenging the SFIO’s investigation.
