Centre defends investigation into Exalogic and CMRL over alleged illegal payments in Delhi High Court

The Centre has defended its investigation into Exalogic Solutions, CMRL, and KSIDC in the Delhi High Court, citing public interest. The Serious Fraud Investigation Office found illegal payments linked to CMRL, totaling around ₹185 crore. The Ministry of Corporate Affairs initiated the probe in January 2024 after allegations of bogus billing surfaced. CMRL challenged the investigation, seeking to protect its documents, but the Centre stated there are no restrictions on sharing information. The Centre emphasized that the investigation is in the public interest, as it involves potential corruption affecting the economic fabric of the country. KSIDC's stake in CMRL further underscores the public interest aspect.