High Court in Kerala denies BJP's Shone George's request for documents regarding SFIO investigation involving CM's daughter.
High Court Restricts Access to Documents in Alleged Fraud Case Involving CM's Daughter
The Kerala High Court has become embroiled in a case involving an investigation into alleged corporate fraud. At the centre of the case is Exalogic Solutions Pvt. Ltd., a company owned by Veena Thaikkandiyil, the daughter of Chief Minister Pinarayi Vijayan.
The case stems from fraudulent payments of ₹2.7 crore made by Cochin Minerals and Rutile Ltd (CMRL) to Exalogic Solutions without any corresponding services rendered, according to the Serious Fraud Investigation Office (SFIO) chargesheet.
The SFIO conducted an investigation under the Companies Act, 2013, into payments made by CMRL to Exalogic Solutions, where Veena Thaikkandiyil is a director. The chargesheet names CMRL, its MD Sasidharan Kartha, Exalogic Solutions, and Veena Thaikkandiyil as accused for fraudulent financial transactions.
Veena Thaikkandiyil is charged under several provisions including Section 447 of the Companies Act, which addresses fraud and carries penalties up to 10 years imprisonment and fines up to three times the amount involved.
The Ministry of Corporate Affairs subsequently granted sanction for initiating prosecution against the accused. The chargesheet invokes additional sections 448, 129, and 134 of the Companies Act against the accused.
BJP leader Shone George moved the High Court seeking access to documents associated with the SFIO investigation report. However, the Kerala High Court refused George access to the documents, indicating the matter remains under judicial consideration without public disclosure of detailed orders yet.
Earlier petitions for vigilance probes into the same allegations were rejected by vigilance courts and later the High Court.
CMRL has moved the High Court challenging the order of the sessions court allowing George access to the SFIO report. CMRL argues that George's intentions are political in nature and allowing him access to the documents would impede the due administration of justice.
The Kerala High Court has a pending case involving the same allegations of fraud linked to CMRL and Exalogic Solutions. Another petition filed by Shone George seeking further investigation into the allegations is currently pending before the High Court.
CMRL is a Public Limited Company incorporated in 1989 and engaged in the manufacture of value-added products such as synthetic rutile, ferrous, and ferric chloride. The case highlights the serious nature of the allegations and the ongoing judicial scrutiny of the matter.
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