CAG report on KIIFB was final, not draft; FM Isaac’s claims turn controversial

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Thomas Isaac | Photo: Gireesh Kumar|Mathrubhumi

Thiruvananthapuram: The Comptroller and Auditor General of India had submitted the final report on Kerala Infrastructure Investment Fund Board (KIIFB) countering the claims made by Finance Minister Thomas Isaac who said it was the draft report.

On May 5, CAG had submitted the draft report on KIIFB to government. On November 6, the final report was submitted to Finance Minister. However, on November 14, the minister said it was the draft report and also criticised it heavily.

According to guidelines, the Finance Minister should hand over the report to Chief Minister and Law Minister. Later with the permission of Governor the same can be tabled at the State Legislative Assembly. Till then the content of the report should be kept confidential.

Isaac had disclosed the contents of the report pointing out serious breach of privileges.

State finance audit report, containing the remarks after evaluating the income and expenses of the government for the 2018 –19 period, was submitted to the government, said the Accountant General in a press statement. The Opposition points out this to refute the Finance Minister’s claims.

AG had blamed securing funds through listing masala bonds in London Stock Exchange. However, Isaac said CAG’s move was part of Centre’s conspiracy to sabotage developmental projects in Kerala.

Missing report

Though CAG is said to have submitted the final report to FM’s office, the latter claims to have not received the same.

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