The Enforcement Directorate (ED) on Tuesday intensified its investigation in the Exalogic-CMRL case, marking a significant escalation in proceedings with the issuance of summons to Veena Vijayan
Share
KOCHI — The Enforcement Directorate (ED) on Tuesday intensified its investigation in the Exalogic-CMRL case, marking a significant escalation in proceedings with the issuance of summons to Veena Vijayan, daughter of former Chief Minister Pinarayi Vijayan.
She has been directed to appear before the agency on Friday for questioning. Alongside her, summonses have also been served on eight officials of CMRL, as part of a broader probe into alleged financial irregularities.
According to officials, the move follows a recent high-level review in Kochi, where ED Director Rahul Navin reportedly instructed investigators to expedite the case.
The directive came after the High Court Division Bench permitted further continuation of proceedings, giving the agency greater procedural clarity to move ahead.
In parallel developments, the ED has begun steps to proceed with the potential confiscation of Rs 18.36 crore lying in 242 frozen bank accounts.
One of these accounts is reportedly linked to Veena Vijayan.
Funds in other accounts, including those held with HDFC Bank, may also come under the scope of seizure proceedings, subject to approval from the Adjudicating Authority in the coming days.
The agency is also examining electronic evidence and banking records seized during recent raids.
Prior to the scheduled questioning, the ED is considering inspection of Veena Vijayan’s bank lockers as part of its preparatory steps.
The case centres on allegations that CMRL made payments to Exalogic Solutions, a company associated with Veena Vijayan, for services that were allegedly not rendered.
In a related development, a court handling company law matters in Kochi has directed that key documents from the SFIO charge sheet be handed over to the ED, strengthening the agency’s access to extensive records.
A total of 134 documents spread across 54 volumes, including contracts, bank statements, and income tax records, are expected to be transferred to the agency.
Apart from Veena Vijayan, entities such as Exalogic, CMRL, and associated individuals, including Sasidharan Kartha, remain under the scope of investigation.
The ED maintains that its probe is focused on establishing the flow of funds and verifying the nature of services linked to the transactions.