Kerala HC Rejects CMRL Appeal, Allows ED to Continue Probe Linked to Pinarayi’s Daughter T. Veena
The court said the agency may continue its money-laundering inquiry and asset attachment steps even without a prior scheduled-offence FIR.
- On Friday, the Kerala High Court dismissed an appeal by Cochin Minerals and Rutile Ltd seeking to quash the Enforcement Directorate's money laundering probe, ruling the agency can proceed without a registered FIR.
- The investigation centers on 2019 Income Tax Department findings that CMRL paid Rs 2.78 crore to Exalogic Solutions, an IT firm owned by Veena Vijayan, daughter of former Kerala Chief Minister Pinarayi Vijayan, without rendering services.
- Rejecting the company's request to quash the Enforcement Case Information Report , the court stated the ECIR is not a statutory document, and the Prevention of Money Laundering Act operates independently of Income Tax Act immunity.
- The High Court confirmed the ED can initiate civil actions, including asset attachment, without a formal complaint. Last week, the agency raided premises linked to Vijayan as part of its investigation.
- Denying CMRL's request for a two-week protection period to appeal before the Supreme Court, the bench emphasized the ED's probe is legally distinct from investigations by the Serious Fraud Investigation Office .
14 Articles
14 Articles
Kerala HC Rejects CMRL Appeal, ED to Continue Veena Probe
Kochi: In a major setback to Cochin Minerals and Rutile Limited (CMRL), the Division Bench of the Kerala High Court on Thursday dismissed the company’s appeal challenging the ED’s money laundering investigation and refused its plea to keep the order in abeyance for two weeks to facilitate an appeal before the Supreme Court. The verdict clears the way for the Enforcement Directorate (ED) to intensify its probe into the alleged financial transacti…
Kerala High Court dismisses CMRL's plea against ED probe, says prior plaint not needed for inquiry
The Kerala High Court will rule on CMRL's appeal against the ED probe, which concerns 182 crore in alleged bribe expenses, after hearing arguments on.Cochin Minerals and Rutile Limited, Kerala High Court verdict, Directorate of Enforcement probe, PMLA provisions, fictitious cash expenses, corporate fraud probe, Veena T CMRL, Pinarayi Vijayan daughter, money laundering investigation Kerala, scheduled offence Companies Act, SFIO prosecution compla…
Kerala HC dismisses CMRL appeal against ED probe
Kochi, Jun 5 (PTI) The Kerala High Court on Friday dismissed an appeal filed by CMRL against a single-judge verdict allowing the ED to continue its money laundering probe into the mining company’s financial dealings with Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan. A Division Bench comprising Justice Raja Vijayaraghavan and Justice […]
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
