Published Aug 18, 2026 | 1:07 PM ⚊ Updated Aug 18, 2026 | 1:07 PM
Veena with her husband and former minister Muhammed Riyas.
Synopsis: Sources in Kozhikode told South First that the ED is currently conducting raids at the residence of Nandulal, a DTPC official and native of Kunduparamba, Kozhikode and Nikhil, a DYFI leader. Both are reportedly close to former Tourism Minister and Veena’s husband, PA Mohammed Riyas. The ED is now reportedly seeking further information from individuals close to Riyas, based on evidence and information gathered during earlier raids, including the search conducted at the residence of Pinarayi Vijayan.
The Enforcement Directorate (ED) on Tuesday, 18 August, has launched its third round of raids in the CMRL-Exalogic financial transaction case involving T. Veena, daughter of Opposition leader Pinarayi Vijayan.
The raids are underway at eight locations across Keralam, mainly in Kozhikode. The searches are being led by an ED Assistant Director.
Sources in Kozhikode told South First that the ED is currently conducting raids at the residence of Nandulal, a DTPC official and native of Kunduparamba, Kozhikode and Nikhil, a DYFI leader.
Both are reportedly close to former Tourism Minister and Veena’s husband, PA Mohammed Riyas.
The ED is now reportedly seeking further information from individuals close to Riyas, based on evidence and information gathered during earlier raids, including the search conducted at the residence of Pinarayi Vijayan.
Further details are awaited.
Also Read: ED inspects T Veena’s bank locker
Sources said the ongoing searches are part of the final stage of the investigation ahead of the filing of charges against the accused.
In the first week of June, the ED summoned T Veena in connection with the case. She appeared at the ED Zonal Office in Kochi on June 17 and faced nearly eight hours of interrogation. Apart from Veena, the ED has already questioned Cochin Minerals and Rutile Ltd. (CMRL) Managing Director Sasidharan Kartha, Joint Managing Director Sharan S Kartha, Chief General Manager KS Suresh Kumar and other company officials.
The investigation concerns allegations that Veena’s firm, Exalogic Solutions, received payments from CMRL without providing corresponding services.
The Kerala High Court had earlier allowed the ED investigation to proceed, dismissing CMRL’s appeal against a single-bench order. The court also clarified that the ED could initiate investigations under the Prevention of Money Laundering Act (PMLA) without requiring an FIR or complaint from another agency.
CMRL’s request for temporary protection from coercive action to approach the Supreme Court was not accepted.
Meanwhile, a special PMLA court recently ordered the Serious Fraud Investigation Office (SFIO) to hand over 134 documents related to the case to the ED.
These include records of financial transactions between CMRL and Exalogic, correspondence, Veena’s statements, interrogation details of CMRL officials, and bank account information.
CMRL had opposed the move, arguing that documents submitted in one investigation could not be used in another. However, the court rejected the objection and ruled that there was no legal issue with sharing the records with the ED as part of its ongoing probe.
Also Read: ED raids residences of former Kerala CM Pinarayi Vijayan, others in CMRL-Exalogic probe
(Edited by Sumavarsha)
