High Court of Kerala has issued a summons to the daughter of the Chief Minister, in response to a petition by a BJP leader, who accused her of corporate fraud linked to theCMRL.
In a significant development, the Kerala High Court has issued notices to Veena Vijayan and 11 others, following a petition filed by BJP leader Shone George. The petition, filed under the Companies Act 2013, alleges serious corporate fraud and illegal financial transactions involving Cochin Minerals and Rutile Ltd (CMRL), Exalogic Solutions, and several other parties.
The allegations stem from an investigation by the Serious Fraud Investigation Office (SFIO), which submitted a final report naming Veena Vijayan, CMRL managing director Sasidharan Kartha, and others as accused in connection with alleged bogus transactions and fraudulent financial dealings.
The court has directed the respondents to respond to the allegations and has posted the matter for further hearing after four weeks, which means it is scheduled to be taken up again around late August 2025. The court is hearing the case under Justice CS Dias.
In a separate development, Shone George has requested time to file a counter-affidavit, leading to the adjournment of the hearing to August 25, 2025. Additionally, separate related petitions seeking a Central Bureau of Investigation (CBI) probe into these transactions also remain pending, with notices issued to Veena Vijayan and others before admission.
However, no final judicial determination or detailed investigation outcome has been reported yet, as the matter is still under judicial scrutiny. The nature of the illegal fund disbursement and the current status of the investigation remain unclear.
Exalogic Solutions, a company owned by Chief Minister Pinarayi Vijayan's daughter, Veena Vijayan, is one of the companies involved in the alleged financial fraud. Cochin Minerals and Rutile Ltd (CMRL) is another company implicated in the case.
The latest update on this ongoing case is that the Kerala High Court issued notices to Veena Vijayan and 11 others on July 23, 2025, and the matter is set for further hearing on August 25, 2025. The public awaits further developments as the case progresses through the legal system.
The petition filed by BJP leader Shone George, alleging serious corporate fraud and illegal financial transactions, includes businesses such as Cochin Minerals and Rutile Ltd (CMRL) and Exalogic Solutions. These allegations have led to a hearing in the Kerala High Court, with Veena Vijayan, along with 11 others, being issued notices under the Companies Act 2013. Meanwhile, a counter-affidavit by Shone George has resulted in the adjournment of the hearing to August 25, 2025. The nature of the illegal fund disbursement and the current status of the investigation remain unclear, as the matter is still under judicial scrutiny, with the final outcome yet to be determined.
