Now Reading: ED case: Laker India denies ‘paper company’ claims
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ED case: Laker India denies ‘paper company’ claims
Laker India Corp, a firm linked to T Veena, daughter of Opposition Leader Pinarayi Vijayan, has denied allegations that it is a 'paper company' amid an Enforcement Directorate investigation into CMRL-Exalogic financial…
Laker India Corp, a firm linked to T Veena, daughter of Opposition Leader Pinarayi Vijayan, has denied allegations that it is a 'paper company' amid an Enforcement Directorate investigation into CMRL-Exalogic financial transactions. Dr Anees Arakkal, one of its owners, said the company has GST registration, MSME/Udyam registration and a wholesale pharmacy licence, and follows transparent business practices.
Questions arose after a 14-digit GST number displayed at its Pantheerankavu premises was reportedly not found on the GST portal, valid numbers have 15 digits. The firm's listed premises is a small single room that has reportedly remained locked for long periods. Laker India had applied to the Olavanna grama panchayat for a licence, but the application was returned for corrections, which the company says are being made.
Indian Opinion Analysis
The ED probe into CMRL-Exalogic transactions targets alleged irregularities in the transfer of funds between a public sector company and a private firm linked to the former chief minister's daughter. Laker India is a partnership firm with Veena as a partner, but the core question is whether it conducted genuine business or was used to route money. The 14-digit GST number discrepancy is a factual vulnerability that the ED may examine further. The next signal is whether the ED escalates searches or summons, and whether the panchayat licence is eventually granted or denied.
Source: english.mathrubhumi.com
This story was synthesised by AI from the source linked above.
