Tainted KA Ratheesh set to be at helm of Consumerfed

K A Ratheesh chosen despite being listed as accused by CBI in various corruption cases

Published: 17th August 2019 05:28 AM  |   Last Updated: 17th August 2019 05:28 AM   |  A+A-

By Express News Service

THIRUVANANTHAPURAM:  The LDF Government is set to appoint a person facing corruption charges as the Managing Director of Consumerfed. Ironically, the apex body of consumer co-operatives is also under the Vigilance scanner in connection with alleged corruption to the tune of Rs 1,000 crore. KA Ratheesh was listed as accused by the CBI in corruption cases while serving as MD of Cashew Development Corporation. Following the corruption charges, the then UDF Government expelled him from the post. 

The LDF Government, which came to power, gave a clean chit to Ratheesh in connection with numerous Vigilance cases registered against him during his stint in Cashew Development Corporation. However, he still figures as an accused in cases registered by the CBI. 

Ratheesh was also appointed as executive director of Kerala Institute of Entrepreneurship Development by the LDF Government. He later figured as one of the shortlisted persons for the post of MD in Consumerfed, which has a turnover of over `2,000 crore. 

Among the five persons shortlisted for interview, all except Ratheesh had good track record. However, Ratheesh emerged topper despite being an accused in a corruption case. Ratheesh had served as MD of Cashew Development Corporation during the stint of both UDF and LDF Governments. According to a source, his political connections have helped him emerge frontrunner for the plum post despite corruption charges.

Unaware of cases, says Ratheesh
T’Puram: When contacted, Ratheesh said he is not aware of any ongoing CBI case in which he is listed as an accused. He said at present there is no vigilance case against him.

Minister denies involvement
T’Puram: Reacting to reports about the imminent appointment of Ratheesh as Consumerfed MD, Cooperation Minister Kadakampally Surendran said he has not intervened in the appointment process. “The matter relating to the appointment of Consumerfed MD has not come before me,” the minister clarified. Kadakampally also added that the LDF Government was against corruption and that no corrupt person would be promoted.

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