During an Income Tax Department raid, it was found that Kochi Minerals and Rutile Limited (CMRL), a private mineral sand company in Kerala, had paid several crores of rupees through fake accounts to Veena’s ‘Exalogic Solutions’ company, the daughter of Pinarayi Vijayan, claiming that it had provided them with information technology consultancy.
Following this, the Serious Fraud Investigation Office under the Union Ministry of Corporate Affairs and the Enforcement Directorate under the Prevention of Money Laundering Act also intensified their investigation.
Following Pinarayi Vijayan becoming the Leader of the Opposition, important files, documents related to hawala transactions worth crores of rupees, and handwritten notes by Veena were seized in successive raids conducted at various places, including his house, the houses and offices of his daughter Veena and son-in-law Mohammed Riyaz.
Following this, the Enforcement Directorate has sent a letter to Kerala DGP Ravada Chandrasekhar under the Prevention of Money Laundering Act.
In the 25-page letter, based on the statement given by CMRL company’s former chief financial officer P. Sureshkumar, it is stated that Pinarayi Vijayan received Rs. 3.28 crore in bribe money from this company through his daughter Veena, and that the company’s managing director S.N. Sasidharan Kartha was complicit in this.
Similarly, the Enforcement Directorate has listed in that letter that Mohammed Riyas also received bribe money and transferred it to Dubai through the company ‘Empower India Capital Investment Private Limited’ via Veena and friends, and that Shaijal Mohammed, P. Nikhil, Hasan Waris, V.P. Baijas, and M. Nandulal acted as assistants to them.

Since grounds have emerged regarding the receipt of bribes by those who held positions as government employees in this matter, the Enforcement Directorate has urged the state police to register a case under the Prevention of Corruption Act against Pinarayi Vijayan, his daughter Veena, Veena’s husband Mohamed Riyas, and others.
Regarding this letter, Kerala Law and Order DGP Ravada Chandrasekhar said, "The Enforcement Directorate’s letter has been received. It has been immediately forwarded for the consideration of the Home Secretary.
Some of the matters mentioned in the report need to be clarified. Those aspects will be thoroughly examined, and further decisions will be taken after consulting with the state government. There are no other legal issues in this," he said.

Speaking to reporters in Thiruvananthapuram about this swift action by the Enforcement Directorate, State Home Minister Ramesh Chennithala said, "We cannot brush aside or reject the report that the Enforcement Directorate has submitted to the DGP regarding the financial transactions made by the CMRL company to the Exalogic company.
The Enforcement Directorate has given this report to the state police only after conducting a thorough investigation. At present, the report is under the consideration of the State Home Secretary. Once the full report is received from the Home Secretary, this will be discussed in detail with the Chief Minister.
"If any advice is needed to take legal action in this matter, appropriate advice will be sought from legal experts, including the Advocate General," he said.
The Enforcement Directorate’s letter saying that a case should be filed against Pinarayi Vijayan has created a major stir in Kerala’s political circles.