Tuesday June 19, 2018
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Solar Scam continues to drown Kerala assembly

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Thiruvananthapuram: Ongoing ‘solar scan’ continued to cause chaos in the Kerala assembly following the argument between the Oommen Chandy government and the opposition.

Like on Thursday, when the assembly had to be adjourned following the opposition protests and demand for the resignation of Chief Minister Chandy on the charge of his involvement in the scam, acrimony between the two sides forced another adjournment soon after the question hour.

The trouble started when the treasury benches responded to the opposition raising the solar scam issue by referring to another scandal, of the year 2000 vintage, to embarrass the government.

The Leader of Opposition VS Achuthanandan of the CPI-M broached the solar scam through a submission when he asked Labour Minister Shibu Baby John to clarify a remark he had made on Thursday.

“Yesterday you (John) said that there is a deep-rooted conspiracy behind the way the prime accused in the scam, Biju Radhakrishnan, deposed before the judicial probe commission. At one point of time, you almost disclosed the name, but at the last second, two of your cabinet colleagues refrained you from revealing. So, today we wish to know who are behind this,” said Achuthanandan.

John then got up and said that at the appropriate time he would let everyone know who was behind this.

“It’s for this, I said yesterday that I am also going to implead before the Commission because this has to come out. But before that, I request Achuthanandan to reveal the VIP involved in the Killiroor sex scandal,” hit back John.

The Killiroor sex case saw a young teenage girl being sexually assaulted in early 2000. She later died in mysterious circumstances. Just before the 2006 assembly elections, Achuthanandan said there was a VIP behind the case and if he came to power he would take them to the task.

He did nothing even after becoming the Chief Minister.

John’s reference to Killiroor sex scandal had the entire opposition up in arms and they trooped into the well of the house, forcing Speaker N. Sakthan eventually to adjourn the proceedings for the day.

It was on Wednesday that Radhakrishnan told the commission that he had video evidence of Chandy and two of his cabinet colleagues in compromising positions with Saritha Nair.

Saritha Nair is the second accused and live-in partner of Radhakrishnan’s.

The solar scam came to light in 2013 when it was found that Team Solar, a fraudulent company, cheated several influential people of crores of rupees by offering to make them business partners or by offering to install solar power units for them and receiving advance payments for the same.

The company used two women to create political contacts with links even to the Chief Minister’s office.

Radhakrishnan, the main accused, and his live-in partner Saritha Nair were later arrested for cheating investors.

She is out on bail while Radhakrishnan is behind bars after it was proved that he murdered his first wife.(IANS)

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A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month

Programme enables person who joins to complete every process online

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A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month
A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month, flickr

The Kerala government’s dream programme to raise money from its diaspora through “chitties”, or a chit fund scheme launched by state-run Kerala State Financial Enterprise (KSFE), will be inaugurated by Chief Minister Pinarayi Vijayan in UAE next month, Finance Minister Thomas Issac said on Monday.

In an interaction with editors of the Kerala media, he said all the requisite permissions have been obtained from all authorities.

“This programme was initiated by the previous UDF government and the permission to go ahead came at its fag end. After we came to power, we took this forward and all permissions and sanctions are ready and all those diaspora who wish to participate in it can join,” said Issac.

“On June 12, Vijayan will launch the registration process and all those who wish to enter the scheme can register in the KSFE site. Once Vijayan launches the programme in UAE, next month, the chitty scheme will be open,” he added.

Coins
Coins, Pixabay

KSFE Chairman Philipose Thomas said to start with, those who wish to participate can contribute monthly as low as Rs 3,000 to a high of Rs 25,000.

“The duration of the chitty given the nature of the job scenario in the Middle East is kept from a minimum of 30 months to a maximum of 60 months. Once a diaspora member joins he can pay the monthly contribution through his non-resident ordinary account and at the end of the chitty term, the payment will be made to his non-resident ordinary account,” he said.

“The programme enables each person who joins the chitty to complete every process online, which includes even bidding, and at the end of the period, the money will be credited into their bank account. Every aspect of the online process has been tested,” said Unni Krishnan who heads the technology division of the chitty scheme.

The entire programme is being handled by the Kerala Infrastructure Investment Fund Board, a government-owned financial institution meant to mobilize funds for infrastructure development outside state revenue.

Its Chief Executive K.M. Abraham, who is a former state Chief Secretary, said that no one needs to donate anything, but only to join a chitty where the money collected will be deposited in bonds and used for the state’s development needs.

“At the end of the chitty, it’s a win-win situation for both the person who joined the chitty and for the state government,” he added.

Kerala CM, Pinarayi Vijayan with PM Narendra Modi
Kerala CM, Pinarayi Vijayan with PM Narendra Modi, flickr

Also read: Reliance home finance celebrates 46 growth in income

According to the latest study report on the diaspora, 90 per cent of 23.63 lakh Keralites aboard are in the various Middle East countries, of which UAE accounts for 38.7 per cent, followed by Saudi Arabia with 25.2 per cent. (IANS)