Overview

• The Serious Fraud Investigation Office (SFIO) has filed a chargesheet against Veena Vijayan, her company Exalogic, and Cochin Minerals and Rutile Ltd (CMRL) officials for fraudulent payments of ₹2.72 crore.
• The Union Ministry of Corporate Affairs has granted approval for prosecution in the case, which stems from a 2023 Income Tax investigation into irregularities in CMRL's financial dealings.
• Veena Vijayan's company allegedly received monthly payments over three years without providing any services, according to SFIO findings.
• CMRL officials are also accused of siphoning ₹182 crore under the guise of environmental activities, with funds reportedly diverted to politicians in Kerala.
• Opposition parties in Kerala have intensified calls for Chief Minister Pinarayi Vijayan's resignation, while the CPI(M) continues to dismiss the allegations as baseless.