Orders issued on Vigilance probe into KIIFB-financed land acquisition in Kannur

The 33rd meeting of the KIIFB held on October 25, 2018, approved the acquisition of 4,896 acres in Kannur district and 470 acres in Palakkad at a cost of ₹12,710 crore for establishing industrial zones.

The State government on Friday (October 30) issued formal orders for an investigation by the Vigilance and Anti Corruption Bureau (VACB) into procedural lapses alleged in the decision to acquire 4896 acres in Kannur district at a cost of ₹12,240 crore through the Kerala Infrastructure Investment Fund Board (KIIFB).

The order follows a recommendation made by the State Cabinet on Wednesday on the basis of the findings of an expert committee led by former bureaucrat Sudha Pillai which scrutinised KIIFB operations.

The 33rd meeting of the KIIFB held on October 25, 2018, approved the acquisition of 4,896 acres in Kannur district and 470 acres in Palakkad at a cost of ₹12,710 crore for establishing industrial zones.