Now Reading: ED raids Kozhikode in CMRL case linked to Vijayan’s daughter
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ED raids Kozhikode in CMRL case linked to Vijayan’s daughter
The Enforcement Directorate is conducting follow-up searches at eight to nine locations in Kozhikode, Kerala, as part of its money-laundering probe into alleged fraudulent payments between Cochin Minerals and Rutile Limited (CMRL)…
The Enforcement Directorate is conducting follow-up searches at eight to nine locations in Kozhikode, Kerala, as part of its money-laundering probe into alleged fraudulent payments between Cochin Minerals and Rutile Limited (CMRL) and Exalogic Solutions, a firm owned by former Chief Minister Pinarayi Vijayan's daughter T. Veena. The searches come after raids in May 2026 at properties linked to Vijayan, his daughter, and her husband.
The Kerala High Court, on May 27, 2026, upheld the ED's investigation under the Prevention of Money Laundering Act, ruling that it does not require a predicate offence to proceed. The Serious Fraud Investigation Office has filed a prosecution complaint for corporate fraud against CMRL chairman Sasidharan Kartha and 12 others, alleging fictitious expenses of Rs 182 crore over 15 years, including Rs 2.78 crore paid to Veena's one-person IT consultancy firm.
Indian Opinion Analysis
The Hindu opens with the ED raids and the Kerala High Court's endorsement of the PMLA probe, framing the case through institutional actions and judicial validation. The Times of India leads with the agency's claim of handwritten notes and undisclosed transactions, foregrounding personal financial details over the court's legal reasoning. Neither outlet adopts a critical stance toward the government's investigation, both report ED's allegations as facts without independent scrutiny or defence from the accused. The careful reader should note that the core allegation, that Exalogic received payments under a consultancy contract, remains untested in court. Watch whether the accused challenge the High Court's predicate-offence ruling on appeal.
Coverage: 2 sources, 2 neutral
Sources (2): thehindu.com (neutral report), timesofindia.indiatimes.com (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
