ED notice not yet received: Ex-Kerala FM

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CPI(M)TM chief executive Thomas Isaac on Monday accused the Center of “misusing” central investigative agencies for “political gain”.

He was answering questions from reporters regarding the receipt of an ED notice on the operation of the Kerala Infrastructure Investment Fund Board (KIIFB), as reported by the media.

Isaac reiterated that he has not yet received notice from the Directorate of Law Enforcement (ED) asking him to appear before them for questioning. Official sources had said on Sunday that the ED had summoned the former finance minister as part of the investigation into alleged violations in KIIFB’s financial dealings under the previous LDF government in Kerala.

Calling it a ‘political move’, he said: ‘The BJP government at the Center is abusing all investigative agencies for their political gains. Before the last election, the ED, the CAG and even the income tax department were after the KIIFB. And then what happened? Now they might have an ulterior motive behind this. I don’t even know if it’s real. It appears to have been given to media people first. I don’t know if any of you (the media) made it up.” If such notice is served, then it is ‘politically motivated’, he said.

The KIIFB is the state government’s lead agency for funding major critical infrastructure projects and last year raised Rs 2,150 crore through its first masala bond issue as part of its mobilization plan of Rs 50,000 crore to fund major critical infrastructure projects in the south. State.

Isaac detailed the positive impact of KIIFB in the state.

”Public schools have been modernized, people are witnessing changes in our public hospitals and our roads are being repaired one by one. The Transgrid project will be completed by the end of this year, there is no power shortage and the KFON is nearing completion,” he said.

The left-wing leader alleged that the BJP was “shaken” by Kerala’s achievements through the KIIFB.

”We are carrying out tasks which were considered impossible and this has shaken the BJP. Their attitude is to entrust the development of infrastructures to companies. But if we do, then they (companies) will expect returns. Do we need toll plazas on our roads? Are we prepared to pay exorbitant fees in hospitals and high fees in schools due to renovations and modern facilities? asked Isaac.

It is an alternative, a model of Kerala, underlined Isaac.

During the campaign for the National Assembly elections last year, Union Finance Minister Nirmala Sitharaman criticized the functioning of the Kerala Infrastructure Investment Fund Board (KIIFB), alleging that the Comptroller and Auditor General (CAG) had flayed its financial transactions.

She also described the functioning of the KIIFB as “questionable”.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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