STOCK MARKET BSE NSE

Petition in HC seeking CBI investigation of discrepancy in Capex 

 A petition has been filed before HC seeking a CBI probe into the alleged corruption to the tune of several crores of rupees in the Kerala State Cashew Workers Apex Industrial Co-operative Society Ltd

Published: 26th July 2017 09:19 AM  |   Last Updated: 26th July 2017 09:19 AM   |  A+A-

By Express News Service

KOCHI: A petition has been filed before the Kerala High Court seeking a CBI probe into the alleged corruption to the tune of several crores of rupees in the Kerala State Cashew Workers Apex Industrial Co-operative Society Ltd (Capex). The court has sought the view of the state government on the petition.

The petitioner, Kadakampally Manoj, of Kollam, submitted only a Central agency like the CBI can conduct a fair and proper investigation, particularly because the transaction of the society is beyond the territorial limits of India. During the past five years, serious corruption and irregularities have been taking place in Capex, a public sector undertaking. The entity had incurred a loss of over `100 crore in the past five years, the plea stated. The petitioner had filed a complaint before the Vigilance and Anti-Corruption Bureau (VACB), following which a preliminary inquiry was ordered.

The probe revealed materials to register an FIR in the case, but it never happened. The registration of FIR was stalled owing to an order by the VACB director that it can be registered only on getting sanction from him.

The petitioner submitted this was against the provisions of Code of Criminal Procedure and the decision of Supreme Court in the Lalitha Kumari’s case. The order had the effect of rewriting the law on the point and it was impermissible in law. The government and its officials are adopting a partisan attitude with a view to help those involved in corruption. Hence, no fair and proper investigation can be expected from the state, the petition stated.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp