Kerala monthly pay-off case: ED summons CMRL official
The anti-money laundering agency had conducted preliminary investigations into the matter before registering an Income Tax Interim Settlement Board (ECIR).
The Serious Fraud Investigation Office (SFIO) has issued summons to Veena Vijayan, daughter of Kerala chief minister and owner of Exalogic Solutions, seeking various documents as part of its investigation into the financial dealings.
The SFIO is probing the financial dealings of Exalogic Solutions, the firm owned by Chief Minister Pinarayi Vijayan’s daughter Veena Vijayan, as well as Cochin Minerals and Rutile Ltd (CMRL) and Kerala State Industrial Development Corporation Industrial( KSIDC.
In its notice, the SFIO asked Veena Vijayan to produce documents related to financial transactions between her company, Exalogic Solutions, and Cochin Minerals and Rutile Limited (CMRL).
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A copy of the summons was also submitted to the Karnataka High Court by Exalogic Solutions, in a plea seeking to stay the SFIO’s investigation against it.
The Exalogic Solutions has on Thursday approached the Karnataka High Court seeking a stay on the SFIO probe against it. The petition also sought the inquiry order dated January 31 of the Ministry of Corporate affairs be quashed. The court is expected to take up the matter for hearing on Monday.
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