Bengaluru: The Serious Fraud Investigation Office (SFIO) has disclosed to Karnataka High Court that its investigation into the Monthly Payment case began in 2021. The SFIO disclosed that it initiated an inquiry three years ago into the mysterious deal involving software company Exalogic and black sand company CMRL. This revelation came as part of SFIO’s defense of Veena Vijayan and the Chief Minister Pinarayi Vijayan in a counter affidavit.
According to SFIO, the investigation into the illegal transaction commenced in January 2021. As part of the inquiry process, a statement was obtained directly from Veena Vijayan, the proprietor of Exalogic, on July 22, 2022. It was further stated that Veena appeared before Bengaluru Registrar of Companies (ROC) officials for interrogation and statement recording. SFIO informed the court that Veena Vijayan was penalized, and Exalogic ceased operations in November 2022.
Exalogic had lodged a petition in the Karnataka High Court seeking a halt to the SFIO investigation. In response, the court directed Exalogic to provide the documents requested by SFIO. Additionally, the court instructed SFIO not to apprehend Veena Vijayan until a verdict is reached on the petition.
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