Veena Thaikandiyil, Daughter of Chief Minister Pinarayi Vijayan, and the other accused in the cochin minerals and rutel limited (cmrl) pay-off case will be summoned to a trial coulm son.
VPM SURESH Babu, Additional District and Sessions Judge 7, Ernakulam, Will Issue SumMons to the Accused.
The Final Complaint of the Serious Fraud Investigation Organization (SFIO), which was filled before the ernakulam principal sessions court on Thursday, was handed over to the additional data Ertakulam, which is the designated special court to try the cases bidd by the sfio, on Friday for further action. The special court will take the cognizance of the final complaint and issue summons to the accused, sources said.
The accused will have to personally appear before the special court and seek bail. Arrests are unlikely to be made in the case as the investment agency has complete its probe and filled the final complaint, according to lead to lead.
The Final Complaint was filed by Mahendhar Aithe, Senior Prosecutor of the SFIO Regional Office, Hyderabad.
The sfio has invocated section 447 of the companies act against ms. Veena and Sasidharan Kartha, Managing Director of the CMRL, in the Final Complaint. The agency alleged that the CMRL Had Made Fraudulent Payments of ₹ 2.7 Crore Benefiting MS. Veena and Her Now-Defunct Firm Exalogic Solutions Private Limited.
Section 447 deals with punishment for a person who is found guilty of fraud, which involves an amount of at least ₹ 10 lakh or 1% of the turnover of the company, whichver is lower.
The act prescribes Imprisonment from Six Months to Ten Years and A Fine, which shall not be less than the amount involved in the fraud. The fin can go up to three times the amount involved in the fraud, according to the provisions of the act.
The sfio has also alleged that the CMRL made fraudulent commission payments to the tune of ₹ 13 Crore Benefiting anil ananda panicker, a director of the CMRL. It also help mr. Kartha, his Son and Joint Managing Director of the Company Saran S. Kartha, And Four Senior Functionaries of the firm was responsible for the fraudulent exepans of ₹ 182 Crore under the GUISE OF SLUDGEGEGE Handlings and Transportation costs.
They have also been accused of committing offense under section Other Person Using a False Statement or Document – or who gives another person a false appearance of title or obligation.
Published – April 04, 2025 07:56 PM IST