Senior Congress chief Ramesh Chennithala on Monday alleged that the difficulty of masala bond by the Kerala Infrastructure Funding Fund Board (KIIFB) stays one of many greatest monetary scams seen by the State.
He reiterated his allegation that the bond concern benefited a Canadian agency with hyperlinks to SNC-Lavalin. Reacting to a show-cause discover issued by the Enforcement Directorate (ED) to Chief Minister Pinarayi Vijayan, Mr. Chennithala stated the only beneficiary of the choice to concern the bonds at a excessive rate of interest of 9.72% was CDPQ, an organization with shut hyperlinks to SNC-Lavalin.
Mr. Chennithala stated he had raised the difficulty within the Meeting and out of doors it when he was the Chief of the Opposition. He termed the ED discover a drama meant to cover the CPI(M)-BJP nexus in the course of the election season. “We do not take the discover issued to Mr. Vijayan and TM Thomas Isaac critically because the Middle normally engages in such measures to cover the CPI(M)-BJP undercurrents when elections are close to. That is solely a drama meant to hoodwink minority communities in Kerala into believing that there isn’t any covert understanding with the BJP,” Mr. Chennithala stated.
Printed – December 01, 2025 09:17 pm IST