Mohammed Riyas refutes report on bank account being used to divert CMRL funds

Kozhikode's CPI leader P A Mohammed Riyas has refuted a report claiming his wife Veena used his bank account to divert funds from Cochin Minerals and Rutile Ltd (CMRL) as part of a money laundering probe by the Enforcement Directorate (ED). In a Facebook post, Riyas called the allegations "completely false" and said he would pursue legal action against the media.

He had been questioned over the phone twice regarding the matter. The ED seized handwritten notes and digital devices from Veena's premises in May, containing details of funds transferred to Dubai and a SIM card in another person's name. The probe is related to allegations that CMRL paid ₹2.78 crore to Exalogic Solutions, a defunct company promoted by Veena, without receiving any services. The ED has questioned Veena and CMRL board members multiple times as part of the investigation.