Veena T, owner of IT firm Exalogic Solutions and daughter of former Kerala Chief Minister and Leader of the Opposition Pinarayi Vijayan, appeared before the Enforcement Directorate (ED) on Thursday for a second round of questioning in connection with the alleged financial transactions between Cochin Minerals and Rutile Ltd (CMRL) and her company.
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Veena arrived at the ED office accompanied by her husband, MLA P A Mohamed Riyas, who also served as a minister in the Vijayan-led cabinet. The latest round of questioning comes after the agency examined documents shared by the Serious Fraud Investigation Office (SFIO) regarding the financial dealings between Exalogic Solutions and CMRL.
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ED had earlier questioned Veena for over eight hours and later issued a fresh summons after reviewing her initial statements. During the first round, officials sought detailed information about payments received from CMRL and the nature of services allegedly provided by her firm.
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Veena was initially asked to appear before the agency earlier this month, but had requested additional time, citing health concerns. Following this, the ED issued a fresh notice, and she was subsequently questioned on June 17. ย
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The investigation is based on findings by the Income Tax Interim Settlement Board, which indicated that payments were made by CMRL to Exalogic Solutions despite uncertainties regarding the services rendered. These findings prompted multiple agencies, including the ED and SFIO, to initiate separate probes.
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According to investigators, the case involves alleged payments of approximately Rs 2.78 crore made by CMRL to Exalogic Solutions. The ED is also examining a Rs 50 lakh loan transaction linked to Empower India Capital Investments, a firm associated with CMRL Managing Director Sasidharan Kartha.
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Officials stated that the agency is analysing financial records, digital transaction data, banking details, and related agreements as part of the ongoing probe. They clarified that no charges have been proven so far, and the investigation remains underway.
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The case has drawn considerable political attention in Kerala, with central agencies continuing their inquiry under the provisions of the Prevention of Money Laundering Act (PMLA).