T.Veena, daughter of Chief Minister Pinarayi Vijayan and director of Exalogic Company, has come to give a statement at the SFIO Chennai office. Give statement before officer Arun Prasad SFIO has only office in Chennai in South India. Veena arrived with her lawyer at nine o’clock on Monday morning. The trip was very secret.
The SFIO is investigating Veena’s company Exalogic, Kochi-based coal sand company CMRL and KSIDC, a state public sector firm that has a stake in CMRL. The Interim Settlement Board of the Central Income Tax Department had found that CMRL had transferred huge sums of money to Exalogic, which did not provide any services. The Registrar of Companies (ROC) found that the transaction between CMRL and Exalogic constituted an offense under the Anti-Money Laundering Act and the Anti-Corruption Act.
The name SFIO is familiar in Kerala in connection with the investigation of the financial fraud case of Exalogic, the company of Chief Minister Pinarayi Vijayan’s daughter Veena Vijayan. The names like CBI, NIA, ED, Income Tax, Customs and NCB are familiar to Malayalis.
SFIO is India’s statutory agency tasked with investigating corporate frauds. It functions under the Ministry of Corporate Affairs of the Government of India with the mandate to detect, prosecute and recommend prosecution of white-collar crimes. It has less than 300 officers.
