Kochi: The High Court disposed of BJP leader Shaun George's petition on Thursday, which sought an investigation into allegations regarding the dormant IT firm Exalogic Solutions Company, owned by Veena Vijayan, purportedly engaging in black money transactions through foreign bank accounts.

The High Court disposed of the petition after citing the ongoing probe by the Serious Fraud Investigation Office (SFIO) in the matter. 

The BJP leader had earlier lodged a petition seeking a probe into the financial activities of Exalogic Solutions Company. Later, the Centre told the High Court that a probe under the Companies Act had been initiated, and the SFIO was also looking into the matter.

However, on Wednesday, Shaun George moved a fresh petition as an addendum to the ongoing SFIO in the case after alleging that transactions worth crores were conducted through Vijayan's UAE bank account, with funds deposited by PricewaterhouseCoopers (PwC) until the contract expired in 2020. 

Subsequently, the money was transferred to American accounts. Shaun further alleged that the funds in the account might be linked to transactions involving CMRL, among others.

The IT firm's account is held at the Abu Dhabi Commercial Bank, registered under the name Exalogic Consulting in Media City, UAE. The account holders are T U Veena, daughter of the Chief Minister, and former relative M. Suneesh. In his petition to the High Court, Shaun also alleged that funds from transactions related to black sand mining in Alappuzha were deposited into this bank account.