Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
The Hindu Bureau

ED issues summons to CMRL MD for interrogation

The Directorate of Enforcement has summoned Sasidharan Kartha, managing director of Cochin Minerals and Rutiles Limited (CMRL), for interrogation regarding the payment made to Exalogic Solutions Private Limited, which was owned by T. Veena, daughter of Chief Minister Pinarayi Vijayan. Mr. Kartha has been asked to appear before the agency on April 15. The Interim Board for Settlement had found that the CMRL had paid ₹1.72 crore to Exalogic as service charges. However, the agency had noted that no significant services were offered to the company. The Serious Fraud Investigation Office too had launched an investigation into the transactions.

Meanwhile, officials of the agency on Thursday again questioned CPI(M) leader P.K. Biju in connection with the alleged loan scam of Karuvannur Service Cooperative Bank in Thrissur. Mr. Biju and CPI(M) district secretary M.M. Varghese were grilled by the agency earlier.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.