Kochi The CEO on Tuesday questioned the son and wife of CMRL founder Sasidharan Kartha in connection with a money laundering case related to the company and former Kerala Chief Minister Pinarayi Vijayan’s daughter Veena T, officials said.
Sharan S Kartha and Jaya Kartha appeared before the Enforcement Directorate office here at around 10.15 am in response to a summons issued by the agency, they added.
According to the company’s website, Sharan is the managing director and Jaya is a director on the board of CMRL.
The agency on Monday questioned Sasidharan Kartha’s daughter, Shibi Kartha, in connection with the case.
The CEO is also investigating Sasja India Private Limited and Empower India Capital Investments Private Limited, two other companies linked to the Kartha family.
They said that Fina was asked to appear before agency officials on June 17 for questioning.
The ED investigation relates to the allegations made by CMRL $2.78 crore to Exalogic Solutions Private Limited, a company owned by Veena, without receiving any services in return.
According to the agency, EICPL, managed by Sasidharan Kartha, also provided loans worth $50 lakhs to Exalogic despite the company’s failure to pay the installments in time.
The ED alleged that the management of CMRL and Vena generated “criminal proceeds” through these transactions.
The agency registered a case under the Prevention of Money Laundering Act based on the prosecution complaint filed by the Serious Fraud Investigation Bureau before a court in Ernakulam in April 2025.
The SFIO, the investigative arm of the Ministry of Corporate Affairs, launched a probe into the affairs of CMRL following the findings of the Income Tax Department.
The CMRL came under the scrutiny of central agencies after a raid by the Income Tax Department in January 2019, which allegedly revealed irregularities, including expenditures suspected to be fictitious amounting to approx. $130 Crores.
This article was generated from an automated news feed without any modifications to the text.
