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HomeBuisnessVijayan daughter has no support for Karnataka or Kerala HCs IT firm ...

Vijayan daughter has no support for Karnataka or Kerala HCs IT firm Pi News

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Vijayan daughter has no support for Karnataka or Kerala HCs IT firm

Bengaluru/Kochi: Kerala Chief Minister Pinarayi Vijayan’s daughter Veena Vijayan, who owns IT firm Exalogic, took a double whammy on Monday as the High Courts of Karnataka and Kerala did not give her any help.

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Exalogic, whose sole director is Veena Vijayan, had approached the Karnataka High Court seeking a stay on the probe by the Serious Fraud Investigation Office (SFIO).

However, after a 90-minute hearing, the court asked him to cooperate with the SFIO and directed the agency not to arrest him till its final decision.

The court asked Exalogic to cooperate with the SFIO and respond to everything they asked, as Exalogic’s counsel had tried in vain to prevent the SFIO from moving forward with the investigation.

He asked the SFIO if they had any plans to arrest anyone, to which they said there was no need for them as of now.

The SFIO is acting on the findings of the preliminary investigation of the company conducted by the Registrar of Companies (ROC). Prior to the ROC probe, the issue was first raised by Congress MP Mathew Kuzhalna following a media report in which an Income Tax official said Exalogic had received Rs 1.72 crore from KSIDC (Kerala)-based mining company CMRL . State Industrial Development Corporation) has a share of about 13 percent.

It was KSIDC’s petition seeking a stay on the SFIO probe that came up in the Kerala HC, but even here things did not go in Exalogic’s favor as the court, as it did last week, verbally stated why the state government agency was concerned. probe and why they are trying to prevent it and it would be better if the probe goes ahead.

While the Karnataka HC ordered the probe to continue, said its final orders on Exalogic’s petition would be delivered in 7-10 days and restrained the SFIO from taking custody, the Kerala HC asked the KSIDC to return with the requested documents. announced the case on February 26.

Meanwhile, CPI-M’s Kerala state secretary MV Govindan told the media in the state capital that the Center will target political rivals by sacking national agencies and the CPI-M will also deal with it politically.

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