ED Raids Multiple Locations in Kerala Over CMRL Pay-off Case
· India · The Hindu, Hindustan Times
The Enforcement Directorate is conducting raids at eight locations in Kozhikode, Kerala, as part of an investigation into alleged financial transactions between Cochin Minerals and Rutile Limited and Exalogic Solutions. The company is owned by T. Veena, the daughter of former Chief Minister Pinarayi Vijayan. These searches follow earlier operations in May 2026 at properties linked to Mr. Vijayan and his son-in-law, P.A. Mohammed Riyas. The Kerala High Court recently ruled that the probe under the Prevention of Money Laundering Act is valid without requiring a predicate offence. The Serious Fraud Investigation Office has also filed a prosecution complaint regarding corporate fraud against the chairman of CMRL and 12 others.
Why it matters
The case involves high-profile political figures and allegations of corporate fraud, with the investigation testing the legal scope of the Prevention of Money Laundering Act.
Read the original report — The Hindu
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