Overview
- The Enforcement Directorate filed a detailed report with the PMLA Adjudicating Authority and initiated attachment proceedings that have frozen bank deposits, a locker and other assets linked to T. Veena and CMRL officials.
- The agency says a Section 50 statement recorded from former CMRL managing director S. N. Sasidharan Kartha in April 2024 is central to its case because it allegedly admits payments were made to Exalogic due to the recipient’s political ties rather than for work.
- The ED alleges CMRL routed Rs 2.78 crore to Exalogic Solutions, a company owned by Veena, as bogus IT/consultancy fees and says Exalogic had negative net worth and negligible turnover, suggesting dependence on CMRL funds.
- Investigators seized devices and documents from Veena’s residence, including an iPhone 14 Pro Max and a diary for forensic extraction, and have also frozen modest personal deposits and larger investments tied to Sasidharan Kartha as part of the money‑trail probe.
- Pinarayi Vijayan and the CPI(M) reject the linkage and call the reports a media creation, but the ED is preparing further steps, including possible arraignment of Veena and a planned summons to question the former chief minister, a move that could reshape the political fallout.