ED Conducts Raids in Money Laundering Case Linked to Former Kerala CM

ED's Major Action Against Alleged Money Laundering

The Enforcement Directorate (ED) has initiated significant actions in connection with an alleged money laundering case involving Cochin Minerals and Rutile Limited (CMRL). On Wednesday, the central investigative agency conducted simultaneous raids at the residences of former Kerala Chief Minister Pinarayi Vijayan and other individuals associated with the case. According to officials, these operations are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA).

Officials revealed that searches are being conducted at a total of ten locations across the state, including Vijayan's rented residence in the capital city of Thiruvananthapuram.

Allegations of Illegal Payments

It is alleged that the private firm Cochin Minerals and Rutile Limited made an illegal payment of ₹1.72 crore to T. Veena's company, Exalogic Solutions, between 2018 and 2019, despite the IT firm not providing any services to CMRL.

Raids Follow Court's Rejection of CMRL's Petition

This raid by the ED occurred just a day after the Kerala High Court dealt a significant blow to CMRL by dismissing its petition that sought to quash the legal actions initiated by the ED. Following the court's approval, the ED expedited its operations.

Case Registered in 2024

It is important to note that the ED formally registered a case under the PMLA in 2024 due to the seriousness of the allegations regarding financial irregularities and illegal transactions. The current raids are part of the ongoing investigation to gather evidence against the former chief minister and others linked to the case.