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Veena Vijayan to Face ED Inquiry Amid CMRL Financial Investigation
Veena Vijayan to be questioned by ED; No immediate move against others for now
Mathrubhumi English
Image: Mathrubhumi English
Veena Vijayan, daughter of former Kerala Chief Minister Pinarayi Vijayan, is set to be questioned by the Enforcement Directorate (ED) regarding alleged financial irregularities involving CMRL and her company, Exalogic Solutions. The ED's investigation follows the freezing of ₹18.36 crore across multiple bank accounts linked to CMRL and its officials.
- 01The ED plans to question Veena Vijayan and CMRL Managing Director SN Sasidharan Kartha regarding financial transactions between CMRL and Exalogic Solutions.
- 02A total of ₹18.36 crore has been frozen across 242 bank accounts, primarily linked to CMRL and its officials.
- 03Veena Vijayan's account, containing approximately ₹1.5 lakh, and her company's account are among those frozen by the ED.
- 04CMRL has filed an appeal against the ED's investigation, arguing that the court allowed the probe under the Prevention of Money Laundering Act (PMLA) incorrectly.
- 05The ED has indicated that it will not investigate other political figures named in connection with the case until the current investigation is completed.
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The Enforcement Directorate (ED) is preparing to question Veena Vijayan, daughter of former Kerala Chief Minister Pinarayi Vijayan, as part of an investigation into alleged financial misconduct involving the Kochi Metro Rail Limited (CMRL) and her company, Exalogic Solutions Pvt. Ltd. The ED's inquiry follows the freezing of ₹18.36 crore across 242 bank accounts, with most funds linked to CMRL officials, including ₹1.5 lakh from Veena's personal account. Investigators allege that CMRL made payments of ₹2.78 crore to Exalogic for IT consultancy services that were never rendered, contributing to suspicions of money laundering. The ED has also stated that a conspiracy led to an attack following searches at the residences of Pinarayi and Veena Vijayan. Meanwhile, CMRL has appealed a court ruling that allowed the ED to continue its investigation, claiming procedural errors in how the case was handled under the Prevention of Money Laundering Act (PMLA). The ED has indicated it will not pursue immediate investigations into other political figures named in the case until its current focus is resolved.
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The investigation could have significant implications for political figures in Kerala, potentially affecting public trust and governance.
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