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According to Riyas, the controversy surrounding the payments was being deliberately portrayed as a financial wrongdoing for political purposes.

The agency has sought legal opinion on invoking the Foreign Exchange Management Act (FEMA), as hawala transactions are suspected in the case.

The investigation subsequently moved to a flat owned by Nikhil at Ashokapuram in Kozhikode. Nikhil, who was receiving treatment at a hospital, was brought to the flat before the ED proceedings commenc ...

Sources said the agency is examining financial transactions between CMRL, Veena’s firm Exalogic Solutions, and other entities as part of its ongoing money laundering investigation.

According to sources, the agency is now examining not only transactions between CMRL and Exalogic but also the role of related entities.

The agency has intensified efforts to gather additional details related to the alleged financial dealings between CMRL and Exalogic.