Kochi: The Enforcement Directorate (ED) suspects that T Veena, daughter of former Kerala Chief Minister Pinarayi Vijayan, is linked to another company apart from Exalogic Solutions Private Limited. According to information that has emerged, the company, Laker India Corporation, is allegedly owned by Veena. Key documents related to the firm were reportedly recovered during an ED raid at her residence on May 27.

The ED has frozen ₹15,57,414 in Laker India Corporation's account, in addition to ₹1,37,088 in Veena's HDFC Bank account and ₹27,585 in Exalogic's account. Laker India Corporation is reportedly engaged in the supply of medical equipment and related products. ED sources indicate that the agency will investigate the company's activities as part of its probe centred on Veena.

Earlier, the statement given by businessman Sasidharan Kartha to the ED in the CMRL–Exalogic financial transactions case had surfaced, implicating both Veena and former Chief Minister Pinarayi Vijayan. Kartha reportedly told the ED that payments were made to Veena and Exalogic because of his personal relationship with Pinarayi Vijayan. He also stated that neither Veena nor Exalogic had provided any services to CMRL.

The statement, recorded by the ED on April 17, 2024, has now become public. According to the agency, CMRL paid around ₹2.78 crore to Veena and Exalogic between 2017 and 2020. The ED concluded that the payments were made for services that were never rendered. Its report also notes that Veena herself admitted that no services had been provided.

During earlier questioning, Veena had claimed that she offered only guidance to CMRL. However, she reportedly failed to produce emails or other documents to substantiate the claim. According to the ED, Veena received ₹5 lakh per month while Exalogic received ₹3 lakh per month under the arrangement. The statement also says that a ₹50 lakh loan was extended from another financial entity owned by Sasidharan Kartha.

The ED further pointed out that Exalogic, which had been running at a loss during 2014–15, entered into an agreement with CMRL only after the first Pinarayi Vijayan government assumed office in 2016. As part of the investigation, the ED has frozen 242 CMRL-linked accounts. Earlier, it had also frozen ₹16.5 lakh in Veena Vijayan's bank account.