Kerala

“Legal Turmoil: Chidambaram Jailed, Vasan Eye Care in Chaos, and the Exalogic Shark Attack

SFIO's Arun Prasad Takes on Pinarayi's Challenge Amidst Popular Finance Fraud Fallout

Kochi: The SFIO probe against Pinarayi Vijayan’s daughter is being led by a super investigator. The chief of the SFIO team, previously involved in probing the Aircelmaxis case leading to accusations against former finance minister P. Chidambaram, now spearheads the investigation into Exalogic. Subsequently, both the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) initiated a case against Chidambaram, triggered by the findings of this investigative team. Chidambaram and his son now find themselves trapped in the unfolding drama. As the tide of investigation rises, Exalogic is poised to undergo meticulous examination, promising a detailed exploration of its affairs.

Key Points:

  1. SFIO Investigation into Exalogic: Seasoned investigator Arun Prasad is delving into the intricate financial transactions between Exalogic and CMRL.
  2. Address Controversy and Political Connections: Exalogic’s registered address in Bengaluru, sharing it with the AKG Center, raises questions.
  3. Veena Vijayan’s Role and SFIO’s Extended Scope: Veena Thaikandi, as the sole director of Exalogic, becomes a focal point as the company transitions from financial losses to substantial profits during her father’s tenure as Chief Minister. 

Investigation Unveiled

At the forefront of the investigation is Mr. Arun Prasad, a seasoned investigator with a track record of handling high-profile cases like Aircelmaxis and Popular Finance fraud cases. Tasked with unraveling the mysteries surrounding Exalogic, Prasad leads a dedicated team of top officials from the corporate ministry. Their focus lies on untangling the financial transactions between Exalogic and CMRL. Its an intricate puzzle that promises to reveal hidden truths.

Addressing the AKG Center Conundrum

Adding a layer of complexity to this financial odyssey is the curious choice of Exalogic’s registered address. It is in Bengaluru and shares the same address as the revered AKG Center. This twist raises eyebrows and positions the Communist Party of India (Marxist) (CPM) under the microscope. The central government is contemplating a decisive move. It is signaling an inquiry into the transactions between Veena Vijayan’s Exalogic and CMRL, thereby questioning the company’s inception and ties to the CPM.

Veena Vijayan’s Role in the Spotlight

At the heart of the saga is Veena Thaikandi, the Chief Minister’s daughter and the sole director of Exalogic. The company’s financial trajectory, transitioning from losses in 2014 to remarkable profits since Pinarayi Vijayan assumed office in 2016, raises eyebrows. Allegations of exploiting CPM connections in the IT industry by associating the AKG Center’s address with Exalogic deepen the intrigue. The choice of address and the omission of a nearby apartment linked to the CPM headquarters fuels suspicions of political corruption.

SFIO’s Extended Scope

As SFIO embarks on its quest for truth, the scope of the inquiry expands beyond Exalogic to include Kerala State Industrial Development Corporation (KSIDC). This extension broadens the investigative horizon, promising a thorough examination of financial dealings and potential entanglements. SFIO’s interest in Veena Vijayan’s monthly purchases adds a layer of complexity to an already intricate case.

Unraveled Tangled Web

The Exalogic investigation unfolds as a riveting tale of financial intricacies, political connections, and questions of legitimacy. With the SFIO probe at the helm, the probe’s expansive scope scrutinizes Exalogic. It delves into the corridors of power, with potential ramifications for the CPM. 

Rohit Sharma

Rohit Sharma is a seasoned Political Journalist with a deep passion for Indian Politics. With over a decade of experience in the field, he has established himself as a trusted… More »

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