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ED Probes Cochin Minerals for Alleged Money Laundering, Focus on Payments to Ex-CM's Daughter's Firm
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Crime·6h agoAI summary

ED Probes Cochin Minerals for Alleged Money Laundering, Focus on Payments to Ex-CM's Daughter's Firm

The Enforcement Directorate is investigating Cochin Minerals and Rutile Limited (CMRL) for alleged money laundering, focusing on payments to an IT firm owned by Veena T, daughter of a former Kerala CM. An SFIO report details financial irregularities orchestrated by CMRL's MD, SN Sasidharan Kartha, including misrepresenting expenses and colluding with auditors and vendors for inflated payments totaling ₹182 crore.

E
Economic Times