In his petition, Shone George pointed out that he had filed a complaint against KSIDC with evidence and documents that exposed their involvement in the fraudulent transactions under investigation.
Justice M Nagaprasanna, who pronounced the verdict on the petition on Friday, said that a copy of the order would be released on February 17.
No arrest till the verdict is pronounced.
The Chief Minister brought a Supreme Court advocate, spending Rs 25 lakh from the taxpayers' money.
A three-member team headed by SFIO Deputy Director Arun Prasad raided the KSIDC office on Wednesday morning and inspected documents related to the state-run entity’s transactions.
A six-member team will probe the matter, with Deputy Director M Arun Prasad as the investigating officer.
A single bench of Justice Devan Ramachandran asked the Centre whether it intends to order a probe by the Serious Fraud Investigation Office (SFIO) into the dealings.
