Just a day after the United Democratic Front (UDF)’s massive victory in the Assembly elections signaled a regime change in Kerala, K.M. Abraham (IAS:1982:KL), the long-time Chief Executive Officer (CEO) of the Kerala Infrastructure Investment Fund Board (KIIFB), resigned from the post. He handed over his resignation letter to outgoing Chief Minister Pinarayi Vijayan on Tuesday.
Abraham had also held the post of Chief Principal Secretary to Vijayan.
Mini Antony, posted as Additional CEO, will be holding charge of KIIFB for the time being.
A former Chief Secretary, Abraham has been KIIFB’s CEO since January 2018 after the Left govt led by Vijayan had decided to restructure KIIFB after coming to power in 2016.
The KIIFB was at the centre of the controversy over ‘off-budget borrowings’ with the Comptroller and Auditor General (CAG) and the Centre treating the borrowings as direct borrowings of the state.
The state govt, however, dismissed the charge, saying that the borrowings were not direct liabilities of the state but merely contingent ones.
Further, in the run-up to the Assembly elections, there were allegations that KIIFB funds were used to fund the publicity campaigns of the LDF.
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