Exalogic Solutions & Cochin Minerals and Rutile Limited

Exalogic Solutions: Exalogic Solutions, owned by Veena Thaikkandiyil, is at the center of a money laundering probe for allegedly receiving fraudulent payments from Cochin Minerals and Rutile Limited without providing services. The company is now defunct.

Cochin Minerals and Rutile Limited: Cochin Minerals and Rutile Limited is accused of making fraudulent payments to Exalogic Solutions, a company owned by Pinarayi Vijayan's daughter, without receiving corresponding services. The company's petition to quash ED proceedings was dismissed by the India — Kerala High Court.