T. Veena, the daughter of Kerala Chief Minister Pinarayi Vijayan, has challenged the Serious Fraud Investigation Office (SFIO) probe against her IT firm Exalogic Solutions Private Limited on the ground that it violated the provisions of law and the principles of natural justice.
In her petition filed before the Karnataka High Court, Ms. Veena contended that the SFIO investigation under Section 212 of the Companies Act cannot be ordered before the conclusion of the investigation under Section 210. The court is likely to consider the petition on Monday.
The Central government had ordered the probe on January 31 to examine the alleged violation of rules and regulations in the transactions between Cochin Minerals And Rutile Ltd (CMRL) and Exalogic.
