This CMRL-Exalogic case is again heating up,and honestly,it is not looking like small paperwork issue anymore . ED has now pushed inquiry further into alleged pay-off scandal involving Cochin Minerals and Rutile Ltd. (CMRL) and T. Veena,daughter of former Kerala Chief Minister Pinarayi Vijayan .
On June 22, 2026,ED summoned CMRL's Chief Financial Officer,K.S. Suresh Kumar,for questioning at Kochi zonal office . This comes after his earlier deposition before Serious Fraud Investigation Office (SFIO),where he reportedly gave information about company's financial dealings.
And this is where matter becomes more serious ah . Reports say SFIO found fictitious cash transactions worth ₹182 crore spread across 15 years,allegedly used for facilitating bribes . That is not some minor mismatch in accounts.
ED has also called other people linked to CMRL,including financial manager and senior clerk,on June 23,2026 . Agency seems to be collecting material from different sides before next round of questioning of Ms. Veena .
Few things standing out clearly in this case:
- Ms. Veena was previously questioned for approximately eight hours on June 17 .
- Payments of ₹2.78 crore were made to Exalogic Solutions Pvt. Ltd.,owned by Ms. Veena,without receiving any services in return .
- ED has issued new notice to Ms. Veena to appear again on June 29.
Before that,the ED also inspected her bank lockers on June 19 . And tbh,once bank lockers and company payment trails come into picture,public perception also changes fast.
This whole case reportedly goes back to prosecution complaint filed by SFIO in April 2025 . That complaint had raised questions about arrangements between CMRL and Exalogic Solutions,especially payments made without corresponding services being provided .
But bigger discomfort here is not just one company payment . It is about how corporate dealings,political links and accountability are getting mixed in same story . When daughter of former Chief Minister is involved,people will naturally ask harder questions.
For now,ED is still questioning people and trying to piece together records,statements and transactions . Whether this becomes bigger political storm or stays inside investigation files… that is still hanging there…
