Veena T
The ED alleged that CMRL paid Rs 3.28 crore to Veena and her company, Exalogic, without receiving corresponding IT consultancy services. Exalogic had a service-level agreement with a monthly retainer of Rs 3 lakh, while Veena was separately appointed as an IT and marketing consultant at Rs 5 lakh a month. The entries allegedly recorded foreign currency deposits totalling AED 2,82,600, transactions handled through Faijaz V P, a UAE-based associate of Veena, and an outbound transfer of Rs 85 lakh. They also referred to an Emirates NBD LIV account ending in 2801 and an account with Mashreq Bank. Veena reportedly described Faijaz as a friend from Kozhikode whom she had known for 10 years. The ED said travel records placed Riyas and Veena in Dubai from May 3 to 19, 2024, overlapping with Faijaz’s May 2-27 visit. Nandulal also reportedly supplied two other SIM cards during the April 2026 election period.
Another associate, Nandulal M, allegedly told the ED that he handed Riyas a Jio SIM card and router registered in his name, which were later passed to Riyas’s personal assistant. The ED also cited an A4 sheet and a red notebook seized from Veena’s residence. The ED alleged that the entries indicated unaccounted funds linked to either Vijayan or Riyas, potentially routed into foreign or private assets through benami holders. The ED also cited the statement of Kozhikode native Shyjal K that Riyas had sought a work opportunity for Veena, leading to discussions about a Dubai-based garment export venture through Merak Prime in the presence of Faijaz. Shyjal reportedly suggested that Veena’s cousin, Varish K, invest in the business. You Can Also Check: Gold Rate in Kochi | Silver Rate in Kochi | Bank Holidays in Kochi | Public Holidays in Kochi