ED examines Veena T's bank locker in Exalogic laundering probe
The Enforcement Directorate (ED) has examined a bank locker belonging to Veena T, daughter of former Kerala chief minister Pinarayi Vijayan.
This is part of an ongoing probe into suspected money laundering tied to her old IT company, Exalogic, and its financial dealings with Cochin Minerals and Rutile Ltd. (CMRL).
The ED says CMRL paid Exalogic ₹2.78 crore for work that never happened, and another firm lent ₹50 lakh despite late repayments, raising suspicions about the source of these funds.
SFIO prosecution complaint prompted probe
This all started after a prosecution complaint filed by the Serious Fraud Investigation Office before a court in Ernakulam in April 2025 last year, following earlier tax raids that uncovered possible fake expenses at CMRL worth around ₹130 crore.
Earlier this week, Veena spent more than nine hours answering questions from the ED under anti-money laundering laws.
The investigation is being handled with tight security.