THIRUVANANTHAPURAM: The CAG report which posed severe criticism on state government’s unconstitutional financial transactions on KIIFB tabled before the assembly. The report says taking loans via KIIFB will be a liability upon the state’s revenue. The report also shows that the masala bonds issued by KIIFB are unconstitutional.

It is expected that the CAG report will lead to a political fight and subsequent controversies in the coming days. Earlier the finance minister has publicised the content of the CAG report which said that seeking loans via KIIFB is unconstitutional and it will only enhance the government’s liabilities further.

The accountant-general will conduct a press conference, once the report is tabled before the legislature. In the usual press conference, accountant general is supposed to reply to the criticisms raised against the government. The state government has taken the stand that the report which has never sought the state cabinet’s clarification is meant to destroy Kerala’s development. When the finance minister said the initial CAG report was a draft, CAG’s office replied that it is the final report.

The opposition lashed out at the finance minister and the government over leak of the report and also over its content. The finance minister was even summoned by the ethics panel over the breach of privilege notice issued by the opposition. The CAG report was tabled before the house when the ethics panel was gearing hand over their report to the speaker.