Ramesh Chennithala on Thursday continued his attack on the ‘masala bonds’ the KIIFB secured from the international market, reminding Finance Minister Dr T M Thomas Isaac about the controversies during the period of ‘Janakeeyasoothranam’ (People’s Plan campaign).
“M N Vijayan died of heart attack during a press meet after a court rejected the defamation plea for calling Isaac an anti-national,” said Chennithala. Vijayan had accused the CIA’s intervention in the ‘Janakeeyasoothranam’ project. The accusations were made through dubious magazines and were ridiculed by the CPIM leadership and intellectuals across the various spectrum.
Isaac had advised Chennithala to refrain from doing ‘desh droh’ (anti-national) activities by raising baseless allegations against the ‘masala bond’ and blocking the international funding for the developmental works in the state.
Congress leaders have been making wild allegations of secret involvement of a blacklisted company in the procurement of masala bonds and also of a high percentage of interest compared to other projects.
SNC Lavlin, a controversial company which had taken up a renewal project under the Electricity Department, Government of Kerala, has been in the political discussions after the Opposition accused a scam which allegedly involved the present Chief Minister Pinarayi Vijayan. However, a court squashed the case and acquitted Pinarayi declaring that there is no ground for the allegations.
SNC Lavlin has shares in CDPQ, a Canadian pension funds company which brought the bonds of KIIFB, Chennithala alleged.
Dr Isaac on Thursday, in a detailed Facebook post, explained that it was not possible to take a loan from any other institutions and the rates of masala bonds are decided under a transparent method.