Kerala Chief Minister’s Daughter and Her IT Company Face Money Laundering Charges from the ED
According to official sources on Wednesday, the Enforcement Directorate has opened a money laundering investigation against Veena Vijayan, the daughter of Kerala Chief Minister Pinarayi Vijayan, her IT business, and a few other parties in order to look into claims that she and the company received illicit payments from a private mining enterprise.
According to the sources, the agency has filed a case under the Prevention of Money Laundering Act (PMLA) and plans to call the parties concerned.
The Serious Fraud Investigation Office (SFIO), the Union Corporate Affairs Ministry’s investigative branch, submitted a complaint, and the ED took notice of it and booked the case, they claimed.
The case is the result of an investigation by the Income Tax Department into allegations that a private company named Cochin Minerals And Rutile Ltd (CMRL) illegally paid Veena’s company, Exalogic Solutions, Rs 1.72 crore between 2018 and 2019, despite the fact that the IT company had not rendered any services to the business.
Last month, the Karnataka High Court rejected a petition by Exalogic Solutions challenging the SFIO’s investigation.
