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The Kerala government is likely to widen its vigilance probe into KIIFB irregularities to examine nearly ₹6,000 crore worth of projects awarded to ULCCS over the LDF decade.
The Kerala government has ordered a Vigilance probe into alleged irregularities in KIIFB’s ₹12,240-crore acquisition of 4,896 acres in Kannur, amid questions over land valuation, procedure and financial viability.
Kerala's Chief Minister defended private investment and the Maritime Board Amendment Bill against LDF's corporatisation claims, while dismissing opposition concerns regarding coastal land acquisition, title deeds, and potential impacts on traditional fisherfolk.
The Kerala Cabinet ordered a vigilance probe into KIIFB land deals, approved salary hikes for legislators, increased housing aid, updated OBC lists, boosted women's police representation, and granted jobs to a murder victim's daughter and a medallist.
The Kerala Assembly debate on KIIFB turned into a sharp political showdown, with V D Satheesan attacking its borrowing model, land purchases and governance while the LDF defended the fund’s legacy.
In the Kerala Assembly, Chief Minister V D Satheesan attacked the KIIFB system and the Sudha Pillai Committee’s findings, flagging borrowing, land acquisition and governance concerns.
Authorities in Pandalam are valuing land for a controversial bypass amid local protests over flood risks, design flaws, and severe traffic congestion that plague the town ahead of the upcoming pilgrimage season.
An expert committee revealed that half of the 950 acres acquired in Kannur by KINFRA for industrial use comprised wasteland where red laterite mining made building construction extremely difficult, prompting banks to withdraw loans.
Kerala’s KIIFB report questions off-budget borrowings and governance lapses, potentially undermining fiscal federalism.
The Sudha Pillai Committee reported that Kerala's KIIFB strayed from its 2014 private-capital model under the LDF, shifting to public funding and a broader infrastructure definition, which increased financial risks and state debt burdens.
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