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Logo of the Kerala State Financial Enterprises.
Chairman of Kerala State Financial Enterprises Peelipose Thomas stated solely minor lapses in each day enterprise might be discovered there in its inner auditing.
- PTI Thiruvananthapuram
- Last Updated: November 30, 2020, 20:15 IST
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The Kerala State Financial Enterprises on Monday rejected the Vigilance and Anti-Corruption Bureau’s expenses of ‘critical irregularities” after raids on nearly 40 KSFE branches and said only minor lapses in daily business could be found there in its internal auditing. KSFE Chairman Peelipose Thomas said if the Vigilance share their findings of any other serious lapses, they were ready to look into it.
Criticising the Vigilance team who carried out the searches on Saturday, Thomas said the investigating officials did not know even the basic lessons of running the chitties business. “We have carried out inner auditing in all these branches the place the Vigilance performed the searches.
But we couldn’t discover any critical lapse in any department in our auditing, besides some minute lapses in day-to-day enterprise,” he told reporters in Pathanamthitta. Justifying the mode of operation of KSFE chitties, Thomas said the agency had not started any business without giving the treasury deposit.
State Finance Minister TM Thomas Isaac, who had vehemently criticised the Vigilance for the raids in KSFE branches, on Monday softened his stand and said did not intend to carry forward the debates in connection with the KSFE. He also said that he would examine the lapses, pointed out by the media, in connection with the chitties business and was ready to correct it if any mistake was found.
Isaac on Sunday said the Vigilance action would only help private financial institutions and political opponents. “I’ve no objection to the raids. But it ought to be executed in a correct method.
Conducting a vigilance probe, submitting a report back to the federal government and taking motion if vital are regular procedures,” he had stated.
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