Yet to get ED notice: Ex-Kerala FM Thomas Isaac

A day after the Enforcement Directorate (ED) served him a notice to appear before it on Tuesday, senior CPI(M) leader and two-time State Finance Minister Thomas Isaac on Monday said that he is yet to get any notice.

He has been called for details of the functioning of the Kerala Infrastructure Investment Fund Board (KIIFB), which had come under fire from the Comptroller and Auditor General of India.

KIIFB was established as the principal funding arm of the government of Kerala in 1999. Its objective is to channelise funds for critical and large public infrastructure projects in Kerala.

In Kerala, CAG has become a persona non grata ever since economist-turned-politician Isaac, early last year took on the Constitutional body head on, when he was holding office and after slamming the CAG, the Pinarayi Vijayan government passed a resolution against the CAG report (which termed the off-budget borrowings through KIIFB as unconstitutional), with the Congress-led Opposition opposing it.

“I have not got any notice and once I get it, I will decide whether to appear or not,” said Isaac, who failed to get a ticket to contest the April 2021 Assembly polls.

Isaac had won four successive election from Alappuzha district and was the sitting Finance Minister, but got a shock of his life when he was not given his sitting seat to contest a fifth time.

Following which he is now engaged in his writings and is also a central committee member of the party.

“Maybe the Centre does not want the success of the KIIFB to get noticed and hence they are doing this,” added Isaac.




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