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3 clusters · 12 sources · 24 days · First seen · Last updated

ED intensifies CMRL-Exalogic probe and seeks FIR

Overview

The Enforcement Directorate (ED) has escalated its money laundering investigation into Cochin Minerals and Rutile Limited (CMRL) regarding alleged corporate fraud and bribery. The probe, following Serious Fraud Investigation Office (SFIO) findings, targets approximately Rs 182 crore in fictitious cash expenses spanning 15 years.

A primary focus remains Exalogic Solutions Private Limited, owned by Veena Vijayan, daughter of former Kerala Chief Minister Pinarayi Vijayan. The ED alleges Exalogic received Rs 2.78 crore from CMRL for unrendered IT consultancy services and received Rs 50 lakh in unpaid loans from a company operated by CMRL’s Managing Director. In May, officials reportedly froze approximately Rs 18.36 crore across 242 accounts linked to Exalogic and CMRL directors.

The investigation has intensified through multiple raids in Kozhikode, targeting associates of former Minister P. A. Mohammed Riyas, including a DTPC destination manager and a DYFI leader. The ED has formally requested the Kerala Police to register a First Information Report (FIR) against Pinarayi Vijayan, Veena Vijayan, and P. A. Mohammed Riyas.

The case has fueled significant political tension. P. A. Mohammed Riyas has dismissed the allegations as “blatant lies” and accused the central government of using the ED as a political instrument. He has further claimed the agency attempted to coerce an associate into providing statements against his family. While the CPI has officially distanced itself from the business arrangements, stating politics and business are separate, the Kerala state government has stated it is seeking legal counsel to determine its next course of action, noting it will let the law take its course.

Entities

Veena Vijayan · Pinarayi Vijayan · Enforcement Directorate · Cochin Minerals and Rutile Limited · Communist Party of India

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. about 18 hours ago

    [POLITICS] 4 sources
    Enforcement Directorate seeks FIR against Pinarayi Vijayan and family

    The Enforcement Directorate has sought an FIR against Pinarayi Vijayan and his family regarding the CMRL bribery case, prompting allegations of political targeting from CPI(M) leaders.

  2. 22 days ago

    [CRIME] 6 sources
    Enforcement Directorate investigates CMRL for corporate fraud and bribery

    The Enforcement Directorate is investigating Cochin Minerals and Rutile Limited for corporate fraud and bribery, involving alleged fraudulent payments to Veena Vijayan, daughter of Kerala's former CM.

  3. 24 days ago

    [POLITICS] 6 sources
    Enforcement Directorate intensifies CMRL-Exalogic probe with Kozhikode raids

    The Enforcement Directorate has launched fresh raids in Kozhikode as part of the CMRL-Exalogic probe, targeting associates of former Kerala Minister P. A. Mohammed Riyas amid allegations of financial misconduct

Sources

bhaskarlive.in · desitalkchicago.com · english.mathrubhumi.com · mangalorean.com · newindianexpress.com · news18.com · newsable.asianetnews.com · newstodaynet.com · orissapost.com · socialnews.xyz · thecommunemag.com · yespunjab.com

This summary has been updated 2 times: see revision history