ED probes auditors, vendors for colluding with CMRL MD in Kerala money laundering case
- Posted on June 21, 2026
- By Business News Today
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- 1 min read
ED probes auditors, vendors for colluding with CMRL MD in Kerala money laundering case
The Enforcement Directorate is investigating Cochin Minerals and Rutile Limited (CMRL) for alleged money laundering, focusing on payments to an IT firm owned by Veena T, daughter of a former Kerala CM. A Serious Fraud Investigation Office report details how CMRL's MD, SN Sasidharan Kartha, allegedly orchestrated financial irregularities, including misrepresenting expenses and colluding with auditors and transport vendors for inflated payments totaling ₹182 crore.
