Tuesday, September 17, 2019

Congress demands CAG audit into KIFBI and Kannur airport

 Thiruvananthapuram: The Congress party in Kerala has approached the Governor Arif Mohammed Khan seeking his intervention to ensure that the Comptroller and Auditor General (CAG) of India''s audit takes place in two state-run organisations.
Speaking to the media here on Tuesday, leader of opposition and senior Congress leader Ramesh Chennithala said that he has briefed Governor Khan about the way the present CPI-M led Left government under Pinarayi Vijayan is keeping things under wraps regarding issues in the Kerala Infrastructure Investment Fund Board (KIIFB) and the Kannur International Airport Ltd (KIAL).
"CAG is a constitutional body and it is duty bound to audit all those bodies where the state owns more than 51 per cent stake. But the Vijayan government has not adhered to it and have kept both KIIFB and KIAL away from CAG audit since they came to power in 2016," Chennithala said.
"It has now come to light that the CPI-M treats these two organisations as their milch cow and lot of irregularities have surfaced in these organisations and hence Vijayan is not interested in CAG audit," he said.
Addressing the media on Monday, Vijayan had pointed out that KIAL is a body similar to the Cochin International Airport Ltd( CIAL) and there is no CAG audit there.
Even though KIIFB came into existence in 1999 under the Kerala Infrastructure Investment Fund Act 1999 to manage the Kerala Infrastructure Investment Fund, it was only after Vijayan assumed office in May 2016, that a comprehensive modification of the Act was made through an amendment Ordinance in August 2016 to widen its scope, and it has started raising money from the open market to fund infrastructure needs.
17/09/19 Outlook
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