Kochi, June 1 (IANS) The Kerala High Court on Monday reserved its verdict on a plea filed by Cochin Minerals and Rutile Ltd. (CMRL) challenging the Enforcement Directorate’s money-laundering investigation in the controversial CMRL-Exalogic case, one of the most closely watched legal and political battles in the state in recent years.A Division Bench comprising Justices Raja Vijayaraghavan V. and K.V. Jayakumar said the verdict would be delivered on Friday.Until then, the court directed the Enfor…
Latest Cochin Minerals and Rutile Ltd. News & Updates
Kochi, June 1 (IANS) In a setback for Exalogic Solutions and its owner, Veena Vijayan, the Kerala High Court on Monday declined to grant an immediate stay on the Enforcement Directorate’s investigation into the controversial CMRL-Exalogic financial transactions case, clearing the way for the Central agency to continue its probe.The CMRL had approached the High Court for relief following the ED raid at 10 places last week, including the residence of former Chief Minister Pinarayi Vijayan, where h…
Thiruvananthapuram, May 30 (IANS) BJP leader Shaun George has approached the Enforcement Directorate (ED) seeking an investigation into alleged overseas financial transactions linked to the CMRL–Exalogic monthly payment case, claiming that funds received by Exalogic Solutions may have been routed through foreign bank accounts. In a letter to the central agency, Shaun George alleged that funds received by Exalogic Solutions from its transactions with Cochin Minerals and Rutile Ltd. (CMRL) were …