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Monday, Jun 16, 2025
The High Court of Karnataka had last week dismissed a petition filed by Exalogic against a SFIO probe into its affairs.
In his Facebook post, George claimed that Veena as the operating a company named The Key Eleven Inc in Canada.
SFIO has taken up a probe into transactions from 2016 to 2022 when Exalogic was dissolved.
He called Saturday's allegations 'Part 2' of the CMRL scam. There will be a 'Part 3' too, Kuzhalnadan said.
In his 46-page judgment, Justice M Nagaprasanna also stated the importance of such investigations in addressing financial crimes that pose risks to the economy.
The Karnataka HC had earlier asked the investigating authorities not to make any arrests in the case till it gives the verdict on the plea by Exalogic
The contract with KMRL, the subsidiary of the Kochi-based CMRL, for sand mining was cancelled only in December 2023, close to five years after the Centre's order.
Kuzhalnadan presented a timeline of events, trying to prove Vijayan showed undue interest to help CMRL retain four land leases for mining mineral beach sand.
Verdict on company's petition seeking stay on probe later.
The High Court of Kerala will be considering Shaun George's petition seeking an SFIO probe into the dealings.
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