Overview
- The Enforcement Directorate obtained copies of 134 documents collected by the Serious Fraud Investigation Office, a development reported on June 24 that has sharpened its PMLA inquiry into Cochin Minerals and Rutile Ltd.
- T. Veena, daughter of former Kerala chief minister Pinarayi Vijayan, has been questioned more than once by the ED after initial questioning on June 17 and a further appearance on June 25, and she has been summoned again to appear on June 29.
- SFIO’s probe found about ₹182 crore in alleged fictitious cash expenses over 15 years and identified ₹2.78 crore in payments from CMRL to Exalogic, a now‑defunct company linked to Ms. Veena, with no services recorded in return.
- As part of the active evidence drive, the ED inspected Ms. Veena’s bank lockers in Thiruvananthapuram on June 19 and has questioned CMRL directors and related persons about loans and payments tied to the company.
- The ED’s money‑laundering case is based on an SFIO prosecution complaint filed in April 2025, and the new documents could lead to further summonses, asset probes and formal PMLA charges if investigators find recoverable proceeds of crime.