The Enforcement Directorate (ED) in Kochi has been granted a significant advancement in the ‘Masappadi’ case. A special PMLA Court has instructed the transfer of crucial documents concerning financial transactions between Chief Minister Pinarayi Vijayan’s daughter Veena Thaikandi and mineral company CMRL. Certified copies of 134 key documents seized by the Serious Fraud Investigation Office (SFIO) are to be handed over to the ED, including income tax returns, agreements, and service details.
The documents encompass various aspects such as the agreement between CMRL and Veena in 2016, the 2017 agreement with Exalogic, and records of services rendered to CMRL by Exalogic. Additionally, details regarding a loan from Empower India Capital to Veena’s company, along with repayment specifics, are part of the documents to be transferred. Despite objections from CMRL, the court has ruled in favor of sharing the records with the ED.
The ED had sought access to crucial evidence gathered by the SFIO, including transaction details and tax-related records. This move is expected to bolster the ED’s investigation into alleged financial irregularities. The SFIO has been directed to present the records to the court within 10 days, marking a significant development in the ongoing probe.
