Chandy, who appeared before the Justice Sivarajan Commission which held a sitting at the Thycaud Guest House here, said the state had not incurred any loss due to the scam.
Chandy pointed that he had not met Saritha, one of the two accused in the scam along with Sreedharan Nair, who made the first complaint in the case, Commission sources said.
The Chief Minister also made it clear that neither he nor his office had helped the fraudulent solar energy company Team Solar, founded by Saritha and her co-accused Biju Radhakrishnan.
This is the first time a Chief Minister in Kerala appeared before a Judicial Commission.
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The opposition CPI(M) led LDF had launched a massive agitation demanding Chandy's resignation as the scam took a political turn after it emerged that at least two of the members of the Chief Minister's staff-- Tenny Joppen and Jikkumon had alleged links with Saritha.
Government had appointed retired High Court Judge as the one-man commission on October 23, 2013 to probe the scam.
The two allegedly canvassed business by using high-level names including that of Chandy.
While Saritha was granted bail after remaining behind bars for nearly nine months, Radhakrishnan is still in jail.