Palmolein case: Serious lapse on part of Chandy, says Thomas Isaac

Last Updated: Monday, February 28, 2011 - 21:17

Kottayam: Finance minister Thomas Isaac on Monday said it was a serious lapse on the part of opposition
leader Oommen Chandy who signed the agreement to import
palmolein from Malaysia in 1991.
The case was that the then finance minister Oommen Chandy
along with former chief minister K Karunakaran had conspired
to import 15000 tonnes of palmolein from malaysia through a
singapore based trading firm and in the process caused huge
loss to public exchequer and monetary gain for the
intermediary.

Chandy signed the agreement without informing the
financial section, Isaac told newsmen here.
He said "let the anti-corruption court say the names of
the accused". The court will hear the case on march seven.

PTI



First Published: Monday, February 28, 2011 - 21:17

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