Congress claims BJP-CPM secret pact, MCI probe eyewash

| Updated: 19 January, 2024 4:56 pm IST

Thiruvananthapuram– The Congress party has questioned the reliability and the outcome of the investigations conducted by the Ministry of Corporate Affairs (MCI) against Exalogic, the IT company owned by Veena Vijayan against whom the Registrar of Companies (ROC)had made serious financial irregularities while facilitating a deal with Cochin Minerals Rutile Limited (CMRL).

 

VD Satheeshan and K Sudhakaran, the two senior Congress leaders have alleged that the investigation is nothing but an ‘eye-wash’ and part of a CPI(M)-BJP pact ahead of the 2024 Loksabha elections.

READ MORE : ‘Veena Vijayan’s IT company involved in bribe,’ says minister V Muralidharan

VD Satheeshan, the leader of the opposition has alleged that despite finding serious financial irregularities in the deal by the ROC, the case is neither being taken up by the Enforcement Directorate (ED) nor the CBI. The opposition leader has stated that union minister V Muraleedharan has been acting as a mediator between the CPI(M) and the BJP.

 

Satheeshan said that the CPI(M) as per the pact will ‘help’ the BJP in Thrissur whereas the BJP central leadership will try to dilute the investigations against the Chief Minister’s daughter as part of the ‘settlement’.

 

Meanwhile, the BJP has rubbished the allegations and said that the investigations agencies have found that bribe money was involved in the deal and hence the law will take its course.

READ MORE : ED targets assets worth Rs 36.57 crore in J&K Health Insurance scam

“The ROC report proves this. The Opposition has consistently alleged that Rs 1.72 crore was transferred into the account of Veena and her company without the firm providing any service. This has been proven.

 

Veena and her firm are accused of committing crimes under the PMLA and the Prevention of Corruption Act. Although the ROC sought the CBI and ED probe, the Centre has entrusted the Ministry of Corporate Affairs with the inquiry. This is part of an understanding between Pinarayi and the Sangh Parivar,” alleged VD Satheeshan.

 

“We suspect there was a deal between the CPM and Sangh Parivar in the issues. So, we want a court-supervised inquiry into the ROC findings. Soon after the report came out, Pinarayi cancelled his scheduled visit to Kolkata to attend the Jyoti Basu commemoration, and went to Kochi to receive the prime minister,” he alleged. The ROC report has highlighted major violations and fraud by Exalogic in its transactions with CMRL.

 

The report said that the company filed for declaration of dormancy status in November 2022 fraudulently and misleadingly. The report further pointed at a lapse, wherein Veena received payments to the tune of 55 lakh from CMRL in an individual capacity. Violations of various sections of the Companies Act 2013 and Companies (Accounts) Rules 2014 were detected, it stated. The RoC report recommended an ED probe into any violation of the Prevention of Money Laundering Act (PMLA) and a CBI investigation for offences under the Prevention of Corruption Act.

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