Accounts of Nayanar trust audited: Kodiyeri

The E K Nayanar Memorial Trust has come out against Opposition leader Ramesh Chennithala’s allegation over E K Nayanar Memorial Fund.

Published: 16th September 2017 01:02 AM  |   Last Updated: 16th September 2017 07:25 AM   |  A+A-

By Express News Service

THIRUVANANTHAPURAM: The E K Nayanar Memorial Trust has come out against Opposition leader Ramesh Chennithala’s allegation over E K Nayanar Memorial Fund. In a statement,  Kodiyeri Balakrishnan, managing trustee of the Memorial Trust, said all accounts of the trust have been audited and details submitted before the Income Tax Department.

“The allegations were raised against transparent transactions made through banks. The details of funds collected from each district have already been published,” said Kodiyeri.
Kodiyeri said more than `20 crore was collected through fund collection from the common man.

including over 4.5 lakh party members. He pointed out that earlier in 2005, Rs 6.25 crore was received through fund collection. This was used to buy 3.74 acres of land in Payyannoor.

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