Thiruvananthapuram: Finance Minister Thomas Isaac, who violated the constitution has no right to continue in his position. Based on the CAG report, the Finance Minister should resign, said Opposition leader Ramesh Chennithala.
The Congress leader was addressing the media after walking out of the Assembly after the Speaker dismissed the adjournment motion over the CAG report on KIIFB.
The CAG report created a huge constitutional crisis in Kerala. Hence we moved an adjournment motion. But Thomas Isaac did not provide clear answers to any of Opposition’s questions. The people are seeing this. The Finance Minister’s actions are undemocratic. That’s why the Opposition walked out of the Assembly, said Chennithala.
The CAG clearly found that the government violated the constitution which it is obliged to uphold and follow. CAG also found that the state government intruded into the powers of the central government. No government can act against its constitution. Taking overseas loans through KIIFB and leaking the CAG report before tabling the same in the Assembly, was a grievous mistake by Thomas Isaac.
The Finance Minister intentionally made these mistakes. Isaac knows very well that masala bonds are in violation of the constitution. The Finance Minister’s action of leaking the CAG report is unacceptable even if the Ethics and Privileges Committee or any other panel justifies it.
The Opposition had sharply criticized the government over the CAG report on KIIFB. While presenting the adjournment motion, V. D. Satheesan had stated that KIIFB masala bonds were sold overseas and loans were taken by violating article 293 of the constitution. But in response, Thomas Isaac rejected all the allegations raised by the Opposition.