E P’s family to sell stakes worth lakh of Vaidekam resort; decision amid controversies

THIRUVANANTHAPURAM: The family of E P Jayarajan is planning to sell their stakes of Vaidekam Resort in Kannur. Jayarajan’s wife Indira and son Jayson are selling their shares. The decision was in the wake of the political controversies that broke out in the last few days in connection with the resort. They have already informed about it to the director board.

EP's wife Indira has shares worth Rs 81.99 lakh and Jayson of Rs 10 lakh. EP's family will be completely withdrawing from Vaidekam Resort by selling the shares of the two. Speculations are rife that this move is following the directive of the party. The opposition had earlier demanded action against EP. Former MD K P Ramesh Kumar and his daughter have shares worth Rs 99.99 lakh. However, as an individual Indira has more shares.