Thiruvananthapuram: The Ministry of Corporate Affairs (MCA) has issued an order to transfer the case against Kerala CM Pinarayi Vijayan’s daughter Veena Vijayan’s company, ‘Exalogic Solutions,’ to the Serious Fraud Investigation Office (SFIO). It has been reported that the investigation previously conducted by the Registrar of Companies (ROC) under MCA is now being transferred to SFIO.
The SFIO typically handles major financial frauds and irregularities, and due to the gravity of this case, the decision to transfer it to SFIO has been made. The fact that SFIO is usually authorized to make arrests underscores the significance of the matter.
The ROC’s investigation team will soon hand over all the collected evidence against Veena Vijayan and her company, Exalogic Solutions, to SFIO. According to reports, the SFIO investigation team will comprise senior officials from the Indian Corporate Law Service (ICLS) and members from the existing ROC investigation team.
Furthermore, the SFIO’s investigation will also include an inquiry against the Kerala government organization, Kerala State Industrial Development Corporation (KSIDC). The unauthorized money transactions between Exalogic company and Cochin Minerals and Rutile Limited (CMRL) will also fall under the purview of the SFIO.
The case is based on the complaint filed by Shone George. He had filed a complaint with the Union Ministry of Corporate Affairs earlier, stating that Veena Vijayan’s company, ‘Exalogic Solutions,’ is connected to the ‘monthly payment’ issue and had collected unauthorized money from Cochin Minerals and Rutile Limited (CMRL).
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