October 27th, 2011
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Kochi Metro Rail opens account at Kollam Axis bank

axis-bankKochi: There is something very fishy about the Kochi Metro Rail dealings. Bank accounts for the Kochi Metro Rail project were opened at Kollam Axis bank, as per Indiavision’s report.  These bank accounts were opened at the branch at which Kunhalikutty’s relative is the Assistant Manager. It is believed that the accounts were opened at Axis Bank under political pressure.

Two accounts were opened for the Metro rail project. Of these two accounts one was opened at Kochi and the other at Kollam. 2 crores has been deposited in the Kollam account.  The 700 crores that was spent in the 1st phase of the project would be deposited at the Kollam account.

Questions have been raised as to why an account for the Kochi rail project was opened at Kollam that is approximately 150 kms away from Kochi. The axis bank MD and the Chief Minister Oommen Chandy’s relative Sachu is said to have met the Kochi Metro MD, Tom Jose to discuss matters regarding the bank account. It is inferred that Sachu could be a part of such a major deal only because of his influence upon the Chief Minister.

The responsibility of the Kochi Metro Project is in the hands of Electricity Minister Aryadan Mohammad and the Chief Minister.

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