Centre okays prosecution of Kerala CM Vijayan’s daughter in corruption case
This approval follows the submission of a charge sheet by the Serious Fraud Investigation Office (SFIO) before the Special Court for Economic Offences in Kochi.
PTC News Desk: In a major setback for the Left Democratic Front (LDF) government in Kerala, the Union Ministry of Corporate Affairs has authorized prosecution against Chief Minister Pinarayi Vijayan’s daughter, T Veena, in connection with alleged illegal payments from Cochin Minerals and Rutile Limited (CMRL).
This approval follows the submission of a charge sheet by the Serious Fraud Investigation Office (SFIO) before the Special Court for Economic Offences in Kochi.
As per the SFIO’s findings, Veena and her company, Exalogic Solutions, received Rs 2.73 crore from CMRL without rendering any IT services. Although a formal agreement existed between the two parties, the SFIO concluded that the payments were fraudulent and unwarranted.
The matter first came to public attention on August 8, 2023, when reports revealed that Exalogic had received Rs 1.72 crore from CMRL between 2017 and 2020 without providing any services. Following these revelations, the central government instructed the SFIO to carry out a thorough investigation.
In its 160-page prosecution complaint, the SFIO named Veena, CMRL Managing Director Sasidharan Kartha, and 25 others as accused. Several companies, including CMRL, Exalogic Solutions, and its subsidiary, Empower India Capital Investments, were also implicated. The agency determined that Veena had misused funds from the subsidiary firm.
