CPI(M) leader P.A. Mohamed Riyas has categorically denied the hawala transaction allegations involving his wife T. Veena and the daughter of opposition leader Pinarayi Vijayan. He insists the notes seized by the Enforcement Directorate pertain to a future business plan, not black‑money admissions.

  • Riyas rejects all hawala accusations against his wife and Veena
  • The seized "red book" contains references to a prospective business venture
  • ED is seeking an FIR, but Riyas vows legal action

Details

Speaking to reporters in Kozhikode, CPI(M) leader P.A. Mohamed Riyas said his wife, T. Veena, has not admitted to any hawala transactions before the Enforcement Directorate (ED). Veena is the daughter of former Chief Minister and current opposition figure Pinarayi Vijayan.

Riyas argued that the “scribblings” found by the ED in May 2026 during its probe into the alleged CMRL‑Exalogic pay‑off case were merely notes about a future business venture Veena was planning. He also questioned why these reports surfaced just as the CPI(M) extended state committee meeting was about to conclude.

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The ED, in a letter to Kerala State Police Chief Ravada A. Chandrasekhar, claimed that entries from a “red book” recovered from Veena’s rented residence provided evidence of alleged hawala transfers to Dubai involving both Veena and Riyas. The agency alleges that Cochin Minerals and Rutile Ltd (CMRL) funneled ₹2.78 crore to Veena’s now‑defunct company Exalogic Solutions under the guise of IT consultancy services.

Why This Matters

BozokMedia analysis shows that the timing of these allegations could influence the internal dynamics of the CPI(M) ahead of crucial state committee decisions, while also putting additional pressure on opposition leader Pinarayi Vijayan ahead of upcoming elections.

"In high‑profile cases like this, scrutinizing both the evidentiary basis and the political motivations is essential," says political analyst Dr. Anita Singh.
Did You Know?: CMRL, or Cochin Minerals and Rutile Ltd, is one of India’s largest producers of rutile, a key mineral used in aerospace and pigment industries.

Frequently Asked Questions

Q1: Has the Enforcement Directorate filed an FIR yet?

A: No FIR has been registered so far; the ED is still gathering evidence.

Q2: What could be the political impact of this case in Kerala?

A: If the allegations are proven, it could create significant turbulence for both the ruling coalition and the opposition ahead of the next state elections.