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Kerala CPI (M) Secretary granted bail in Lavalin case | Kerala CPI (M) Secretary Pinarayi Vijayan was today
granted bail by a Central Bureau of Investigation (CBI) court in connection with the state's financial fraud controversy- the SNC Lavalin case. Judge K P Jothindranath
granted bail to Vijayan and directed him to furnish a bail bond of two lakh rupees
and two sureties for a similar amount. Vijayan was the State Electricity Minister
when the SNC Lavalin scam broke out. SNC Lavalin power scandal is one of the biggest
financial scams to rock Kerala. The Comptroller and Auditor General of India report
indicted a CPI (M)-led government of the mid-1990s for a Rs 374.50 crore loss
to the exchequer. Vijayan figured as the seventh accused in a charge sheet filed
by the CBI. Later, the CBI moved to seek the Government's consent to prosecute
him. Three hydel power stations had to be upgraded at Pallivasal, Sengulam and
Panniar. Tenders were invited and was finalised to an Indian consortium and a
Canadian MNC. The foreign company quoted Rs 2.42 crore per MW, the Indian consortium
- BHEL and LandT - sought Rs 1.25 per MW. The contract went to the higher bidder,
contrary to normal practice. |
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