Tuesday, 02 January 2024 12:17 GMT

ED Raids Ex-Kerala CM Pinarayi Vijayan's Residence In CMRL Money-Laundering Case


(MENAFN- Live Mint) The Enforcement Directorate (ED) is currently searching residence at the residence of former Kerala Chief Minister Pinarayi Vijayan in connection with the Cochin Minerals and Rutile Limited (CMRL)-linked money laundering case. The searches have also been conducted at other parts as part of the investigation into CMRL case.

They said a total of 10 premises in the state, including Vijayan's rental house in the state capital here, are being raided under the provisions of the Prevention of Money Laundering Act (PMLA).

It is alleged that a private company named Cochin Minerals And Rutile Ltd (CMRL), made an illegal payment of ₹1.72 crore to Vijayan's daughter T Veena's company -- Exalogic Solutions -- during 2018 to 2019, even though the IT firm had not provided any service to the company.

On Tuesday, the Kerala High Court dismissed a petition filed by the CMRL seeking to quash the ED proceedings in the case.

The ED had filed a PMLA case to probe the allegations in 2024.

More details are awaited

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Live Mint

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