New Delhi: Veena T., daughter of former Kerala chief minister Pinarayi Vijayan, was managing funds amounting to Rs 20 crore—way beyond her legal and declared sources of income—the Enforcement Directorate alleged Wednesday. The agency made the assessments based on an analysis of her handwritten notes recovered during searches of her premises in May this year, an agency spokesman said. The investigation is related to a continuing money-laundering probe into Kerala-based mining company Cochin Minerals and Rutile Limited (CMRL) and a now-defunct consultancy firm, Exalogic Solutions, owned by Veena.
Of these Rs 20 crore was 3.49 lakh AED illegally remitted to Dubai, which roughly translates to Rs 85 lakh in Indian currency, the agency spokesman further said.
ED claimed to have found these details in the notesheets from her residence during raids in May, when it conducted operations at 10 premises in Kerala, including those linked to Vijayan and Veena. The agency carried out fresh rounds of raids Tuesday and Wednesday on the individuals whose details were mentioned in Veena’s alleged notesheets.
The agency’s money laundering probe stems from an investigation by the Serious Fraud Investigation Office (SFIO) into alleged corrupt practices by CMRL over the last 15 years. In its complaint filed before a local court in Kerala, the SFIO alleged that CMRL incurred fictitious cash expenses of Rs 182 crore over 15 years, which were allegedly used to bribe various persons. One of those fake expenses was the payment of Rs 2.78 crore to Veena’s one-person company, Exalogic Solutions Private Limited, allegedly in the guise of IT Consultancy Services.
“Earlier, the ED had conducted searches on Smt. Veena and promoters of CMRL on 27-05-2026. During the said search, ED found certain handwritten accounts maintained by Smt. Veena. The handwritten notes contained the names of the persons, amounts handled/ spent, amounts transferred to Dubai, etc. The accounts contained details of amounts handled in ‘AED’ [Dubai currency] as well as Indian rupees,” the agency spokesman said on Wednesday.
“The amounts transferred to Dubai as per the notings are about 3.49 Lakh AED [equivalent to about Rs 85 lakh]. The accounts for Indian rupees maintained is for about Rs 20.05 crore [approximately.]. The handwritten accounts were seized by ED,” the agency spokesman further said.
ED made it clear that the funds mentioned in the notesheets were in addition to the alleged bribe received from CMRL, and that legal action would follow on the findings. Moreover, the agency alleged it had found evidence of the transfer of money through hawala channels.
The agency also allegedly seized digital services containing a picture of her SIM card, which the agency claimed had been issued in another person’s name and was being used in a Wi-Fi router. “It is suspected that the SIM and Wi-Fi router were obtained by her in the name of another person so as to use the same for communications through Internet-based calls,” the agency spokesperson said.
ThePrint reached CPI(M) leader and Veena’s husband, P.A. Mohammed Riyas, via calls and WhatsApp message. This report will be updated as and when a response is received.
(Edited by Nardeep Singh Dahiya)