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4w ago

Kerala CM’s Daughter Veena Vijayan Charged in ₹2.72 Crore Fraud Case

The SFIO chargesheet accuses Veena Vijayan and her company Exalogic of receiving payments from CMRL without providing services, with the Centre approving prosecution.

Water cannons being used to disperse Bharatiya Janata Yuva Morcha (BJYM) activists during their protest demanding the resignation of Kerala Chief Minister Pinarayi Vijayan following reports that his daughter, T Veena, has been named by the Serious Fraud Investigation Office (SFIO) in an illegal payment scandal, in Thiruvananthapuram, on Friday (PTI)
The SFIO has named Veena T, daughter of Kerala chief minister Pinarayi Vijayan, as an accused in its prosecution complaint in an “illegal payment” case.
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Overview

  • The Serious Fraud Investigation Office (SFIO) has filed a chargesheet naming Veena Vijayan, daughter of Kerala Chief Minister Pinarayi Vijayan, in a ₹2.72 crore fraud case involving Cochin Minerals and Rutile Limited (CMRL).
  • The Union Ministry of Corporate Affairs has granted approval to prosecute Veena Vijayan, her company Exalogic, and CMRL for alleged fraudulent transactions.
  • The SFIO investigation revealed that Exalogic received payments from CMRL without providing any IT or consulting services, as per their 2017 agreement.
  • Opposition parties, including Congress and BJP, have demanded Pinarayi Vijayan’s resignation, citing moral responsibility for the corruption allegations against his daughter.
  • The CPI(M) leadership is divided on its approach, with some advocating legal and political defense while others suggest Veena should address the charges independently.