Thiruvananthapuram, Oct. 15 -- The Kerala Infrastructure Investment Fund Board (KIIFB) has imposed an additional financial burden of Rs 13,103 crore on the state and led to a reduction of Rs 25,932.55 crore in its borrowing limit, Chief Minister V.D. Satheesan said on Thursday, announcing that the government would implement the recommendations of a committee headed by Sudha Pillai that examined the agency's financial management and functioning.
The committee found serious deviations from constitutional provisions and Rules of Business in KIIFB's operations. The government would seriously consider ordering an investigation into the alleged irregularities, Satheesan told a press conference here.
The report was placed on the table of the Ass...