Money from land sale deposited in banks: CDA

April 22, 2015 12:00 am | Updated 05:39 am IST - Kozhikode:

The Calicut Development Authority (CDA) has said that the money it received from the Indian Coast Guard through the sale of land at Kattuvayal Colony at Ashokapuram in the city has been deposited in several banks.

The CDA Secretary A.M. Jayan and the Accounts Officer K.P. Surendranath said here on Tuesday that an amount of Rs 1.5 crore had been deposited in the Kerala Gramin Bank, Rs 3 crore in City Service Cooperative Bank, Rs 2 crore in Calicut Co-operative Urban Bank, Rs 2 crore in Kozhikode District Cooperative Bank and Rs 1 crore in Canara Bank.

On Monday, the Azhimathi Virudha Janakeeya Munnani, an anti-corruption forum of residents, demanded that the CDA come clear on the land deal. K.P. Vijayakumar, general convener of the forum, said that the CDA had sold 1.06-acre land to the Indian Coast Guard for Rs.10.63 crore on March 17, 2014. But the amount had not been accounted in the CDA’s annual financial statements.

The officials said that the CDA had paid salaries and other benefits to the employees from its own funds when it was attached to the Kozhikode Corporation. Later when the CDA was revived it had no funds even for running day-to-day activities. So the money of Rs 10.63 crore it received from the Coast Guard land deal was deposited in the Punjab National Bank and later reached the CDA account. Later an amount of Rs 9.5 crore was deposited in different banks in March and April 2014, they said.

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