Overview
- The ED registered a PMLA case based on an SFIO prosecution complaint and obtained copies of 134 documents collected by the SFIO, which it received from a court that cleared access to the files.
- The annexures include records the SFIO says show CMRL paid about ₹2.78 crore to Exalogic without services and alleged fictitious cash expenses of roughly ₹182 crore over 15 years.
- After the ED received the SFIO material, the agency intensified questioning and on Thursday subjected T. Veena to a prolonged interrogation of more than ten hours and has summoned her for further appearances as needed.
- The ED has already inspected Veena’s bank locker, frozen 242 bank accounts holding about ₹18.36 crore and is taking steps to seize those funds while tracing the financial trail.
- Investigators have expanded the probe to examine whether the payments to Exalogic were tied to official favours for CMRL during the first Pinarayi administration, and further forensic financial tracing and summonses are expected.