Veena Thaikkandiyil, the daughter of Kerala Chief Minister Pinarayi Vijayan, and the other respondents in the Cochin Minerals and Rutile Limited (CMRL) pay-off case will be issued notices by the Special Court considering the final complaint of the Serious Fraud Investigation Office (SFIO) shortly.
The decision to issue the notice was taken after the court found that prima-facie offence was made out against the respondents after perusing the final complaint filed by the investigation agency. The court also found the complaint free of any defects. The complaint would be assigned a number before notice is served to the respondents. The respondents can challenge the maintainability of the SFIO complaint before the court.
The SFIO had reportedly alleged that Ms. Veena and her now-defunct IT firm Exalogic Solutions had received “fraudulent payments” to the tune of ₹72.7 crore from CMRL. The SFIO had listed Sasidharan Kartha, managing director of CMRL, Exalogic, and Empower India Capital Investments Private Limited as the other respondents in the final complaint.
The Enforcement Directorate (ED) had the other day approached the Special Court for a copy of the final complaint.
Published – April 11, 2025 03:45 pm IST
