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The Kerala HC turned down the KSIDC's petition against the SFIO probe and asked the state government agency to cooperate with the investigation.
'We are people who donate our money to charity homes. How can the Chief Minister's daughter extract monthly bribes from destitute homes?' he asked
The firm, which has been operating for 15 years, also has an office in Bengaluru.
The funds were transferred to an account under the name of Exalogic Consulting, located in Media City, UAE.
The Enforcement Directorate in Kochi had received information about these money transfers about a year ago during its investigation into KIIFB's masala bonds.
Kuzhalnadan had sought a direct inquiry by the Vigilance court into the duo's involvement in the case.
CMRL MD Sasidharan Kartha skipped the first summons citing health issues.
The CMRL had paid Rs 1.72 crore to Exalogic by T Veena.
Based on the I-T Department's findings, both CMRL and Exalogic reportedly made moves to defend themselves from an ED probe initiated in 2021.
Twelve establishments have received notices in Kerala alone.
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