Following the Enforcement Directorate (ED) raids at the residence of former Kerala Chief Minister Pinarayi Vijayan and the seizure of several documents and digital devices in May 27, fresh findings are reportedly bringing renewed scrutiny to alleged financial transactions linked to his daughter, Veena Vijayan. Reports indicate that payments were routed from multiple firms to a company associated with Veena without any corresponding services being rendered, raising serious questions that have now become a key focus of the ongoing investigation.
According to reports, the SFIO (Serious Fraud Investigation Office) has found that not only CMRL but also eleven other firms made monthly payments to Veena Vijayan, daughter of Pinarayi Vijayan, former Chief Minister and incumbent Leader of the Opposition.
These payments were allegedly made without any work being performed. It is reported that these payments added crores of rupees to her bank accounts. These unusual transactions and bank account activities have reportedly paved the way for the ED raids. This development could lead to stringent action against Veena. Monthly payments from twelve companies may constitute a serious offence.
According to available reports, apart from the raids conducted on May 27, the investigation may move towards Veena’s arrest. The investigating team believes it may obtain crucial information from Veena Vijayan’s mobile phone, which was seized during the raid on May 27. The ED intends to send the phone for forensic examination at the earliest.
The objective is to obtain the results as quickly as possible. Investigators believe that deleted data can be retrieved using advanced technological methods. The digital evidence, including Veena’s mobile phone, will reportedly be submitted before the Prevention of Money Laundering Act (PMLA) court soon.
As part of the intensified inquiry, the ED has frozen Veena Vijayan’s accounts worth Rs 18.36 crore spread across various banks. The agency has frozen about 242 bank accounts to which CMRL funds allegedly reached. The ED is analysing the details of these accounts, including their sources and expenditure patterns. The agency is carrying out the exercise in a highly confidential manner.
ED, Kochi Zonal office has conducted search operations on 27/05/2026 under PMLA, 2002 at 10 premises across Kottayam, Ernakulam, Kannur, Trivandrum and Bangalore belonging to M/s Cochin Minerals and Rutile Limited (CMRL), its Directors S. N. Sasidharan Kartha, Saran S. Kartha,… pic.twitter.com/N4NDbwN4is
— ED (@dir_ed) May 27, 2026
Critics argue that transactions involving former CM Pinarayi Vijayan and his daughter could be indicative of quid pro quo arrangements in which political influence is allegedly converted into private financial gain through seemingly legitimate commercial channels.
CPM Justifying Violence against ED
Meanwhile, senior CPM leaders have justified the violence against ED officers. M. Swaraj said that the violence was a natural reaction to a “big mistake”. E.P. Jayarajan said that if beloved leaders are attacked, people’s anger will erupt. He claimed that the raid was the result of a Congress-BJP deal. He further stated that even Gandhians would react if such mistakes occurred.
Former minister V. Sivankutty echoed Swaraj’s “natural reaction” remark. He said ED officers should have left Pinarayi’s premises only after the situation had turned calm and peaceful.
It appears that CPM leaders and workers believe that whatever is done in defence of their leaders is justified and natural.
