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Kerala Finance Minister T M Thomas Isaac on Monday hit out on the Congress and the BJP over the Kerala Infrastructure Investment Fund Board (KIIFB) row and mentioned it was a “joint agenda” to destroy the funding physique and sabotage Kerala’s progress.
Congress legislator V D Satheeshan on Monday moved a breach of privilege discover in opposition to the minister. The ruling Left and the Opposition events have been locked in a confrontation over the past two days on the CAG’s draft report on Kerala Infrastructure Investment Fund Board (KIIFB) which allegedly mentioned it was elevating loans “unconstitutionally”.
Issac alleged that it was RSS chief Ram Madhav who gave the inexperienced sign to file a case in opposition to the KIIFB. In a Facebook put up, he mentioned that the Jagaran Manch chief filed a case within the excessive courtroom following a gathering at Thrissur Ramanilayam.
“Congress leader Mathew Kuzhalnadan has taken the axe of the RSS conspiracy to overthrow KIIFB and destroy Kerala’s development.The withdrawal of the case and the subsequent re-filing of the case by impleading the CAG were part of a planned conspiracy. We cannot allow this conspirators to destroy Kerala,” he additional wrote.
The KIIFB is a authorities owned monetary establishment in Kerala to mobilise funds for infrastructure growth from outdoors the state income. It is a statutory physique constituted beneath the Kerala Infrastructure Investment Fund Act, 1999 (Act four of 2000).
Meanwhile, Kuzhalnadan, KPCC normal secretary, rubbished the allegations of conspiracy with BJP and RSS. “It is unfortunate that a senior leader and finance minister has preferred to come up with political allegations when he is unable to answer the cardinal questions raised with respect to the constitutionality as well as the financial viability and genuiness of the functioning KIIFB,” he mentioned.
Mathew added that KIIFB has raised 2,150 crore by masala bonds. “As Opposition we initially raised many concerns and the constitutionality is under challenge in the high court. I am appearing on behalf of the petitioner as a lawyer. I stick to my political stand that there are serious problems with the functioning of KIIFB and constitutionality of issuing Masala bonds,” he mentioned.
He added that the finance minister’s allegation is totally ridiculous including that if he’s in a position to show conspiracy, he’ll depart politics.
The finance minister, in his Facebook put up, added, “I heard Kuzhalnadan say that there is big corruption in KIIFB and that more information is not being released due to professional ethics. We do not want that kind of consideration. Why is the KPCC secretary hiding the details of the corruption he received? Feel free to reveal it. I challenge him. let the documents out. Let the people know, corruption stories. Why give us a free hand?”
Issac additionally mentioned that the Opposition chief has been claiming for a very long time that the KIIFB is a rip-off. However, he has not been in a position to substantiate his claims.
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