The Serious Fraud Investigation Office (SFIO) has reportedly issued notices to firms and establishments which were involved in financial transactions with the firm EXalogic Solutions,owned by Kerala Chief minister Pinarayi Vijayan’s daughter Veena Vijayan.
The notices were issued under section 217(2) of Companies Act, based on the inspections conducted on the bank accounts of Exalogic Solutions.
The SFIO has asked these companies to produce all the documents related to the transactions made by them with the Exalogic Solutions at the SFIO office at Chennai by March 15. It is learnt around 12 companies have received notice from the SFIO in Kerala alone
The SFIO has asked these companies/institutions to produce the copies of contracts, work order and invoice related to products or services provided by the Exalogic Solutions.
The SFIO has reportedly found that more than 10 firms had done substantial translations with the Exalogic Solutions during 2016-17.
The Income Tax Interim Settlement Board (ITISB) has earlier found that the Cochin based Cochin Minerals and Rutile Ltd,(CMRL) has paid 1.72.crore to Kerala CM’S daughter Veena Vijayan’s firm EXalogic Solutions without providing any service to them.