THIRUVANANTHAPURAM: The EMCC Company said they have not signed any agreement with the government. The company said they have not accepted a single rupee from the government and was implementing the Rs 5,000 crore project through foreign investment. EMCC company director Shibu Varghese said this while responding to the allegations of opposition leader against the government. His allegations are all false. EMCC is a company registered in America in deep sea fishing. My family members and US citizens are in the company. EMCC’s subsidiary company is registered in Angamaly, he said.

He said the Rs 5,000 crore plan is to build fishing boats, boats and fish stalls through foreign investment. The project report has been submitted to the government and is awaiting for its approval, said Shibu Varghese.

The opposition leader had alleged that the American company EMCC was given permission for fishing on the coast of Kerala. It was alleged that the agreement was without calling for a letter of interest or a global tender and that ministers Mercikutty Amma and E P Jayarajan have a role in the corruption of Rs 5,000 crore.