Thiruvananthapuram, Aug. 19 -- The Directorate of Enforcement (ED) raided eight locations in Kozhikode district on Tuesday in connection with its probe into allegations of money laundering in the CMRL - Exalogic case.

The case pertains to alleged fraudulent monthly payments to the tune of Rs.2.78 crore that Cochin Minerals and Rutile Limited (CMRL), a chemicals manufacturer based in Kochi, made to Exalogic, the defunct IT firm run by Veena T, the daughter of former CM Pinarayi Vijayan.

An Income Tax Interim Settlement Board had found in 2023 that Veena's firm delivered no tangible services in exchange for receiving the money from CMRL though an agreement for marketing and software services had been drawn up between the two firms.

Offic...