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The CPM faces heightened political pressure following a High Court ruling, potentially allowing the ED closer to T Veena, and the party's defence strategy appears uncertain.
The High Court ruled that Income Tax Settlement Commission orders don't grant immunity from money laundering charges, as the IT Act and PMLA are independent.
The Kerala High Court will rule on CMRL's appeal against the ED probe, which concerns ₹182 crore in alleged bribe expenses, after hearing arguments on PMLA applicability without an FIR.
Veena T reportedly received ₹2.78 crore from CMRL for advisory services, with no evidence of actual service delivery, raising fraud concerns during SFIO and ED probes.
CMRL appeals a High Court ruling upholding the ED's jurisdiction in the Exalogic case, arguing the money laundering probe began without a predicate offence.
Kerala Chief Minister V D Satheesan labelled vehicle attackers during an ED raid as 'criminals', stating the state government had no role in the investigation, which he asserted was handled by a central agency.
The ED froze ₹18.36 crore in 242 accounts following raids on ten premises, investigating alleged fake payments to Veena Vijayan's company from CMRL.
An investigation into Veena Vijayan's payments from CMRL found her responses evasive regarding individual receipt of funds and related-party transactions. The Registrar of Companies questioned her over potential fraud under the Companies Act.
ED raids offer the divided CPM a chance to unite against perceived BJP-Congress collusion, with cadres rallying around Pinarayi Vijayan's home.
CPM alleges ED raids on individuals linked to the CMRL case are politically motivated, targeting the party leadership rather than specific allegations, and suggests others received payments without providing services.
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