Kerala HC dismisses CMRL plea to quash ED probe in Exalogic pay-off case
The Kerala High Court has allowed the Enforcement Directorate to investigate alleged financial transactions involving Exalogic Solutions and CMRL. The court dismissed CMRL's request to quash the case and ordered its officials to cooperate with the investigation. The ED clarified that its inquiry is separate from an ongoing investigation by the Serious Fraud Investigation Office.
- ▪The Kerala High Court approved the ED's investigation into Exalogic Solutions and CMRL.
- ▪CMRL's plea to dismiss the case was rejected by the court.
- ▪Officials from CMRL are required to cooperate with the ED's probe.
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The Kerala High Court on Tuesday gave the go-ahead to the Enforcement Directorate (ED) to probe the alleged financial transactions between Exalogic Solutions, a firm owned by former Chief Minister Pinarayi Vijayan’s daughter T. Veena, and the CMRL in the alleged pay-off scam. CMRL pay-off case | ED files case against Kerala CM’s daughter Veena, her IT companyThe court further dismissed the CMRL’s plea to quash the case. It directed the firm's officials to appear before the ED and to cooperate with the probe into the alleged irregularities pertaining to the financial transactions.The ED submitted before the court that its probe was independent of a probe by (Serious Fraud Investigation Office)SFIO into the matter.
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