The Kerala State Local Fund Audit Report has criticised the Calicut Development Authority (CDA) for its ‘failure’ to properly maintain the financial statements for 2012-13.
Documents obtained by K.P. Vijayakumar, an anti-corruption activist and general convener of the Azhimathi Virudha Janakeeya Munnani, via the Right to Information Act, revealed that the CDA had not kept the records pertaining to collection, expenditure, and security and investment registers.
Local Fund Audit Senior Deputy Director M.P. Anandakumar had carried out the audit and the report was provided by T.X. James, State Public Information Officer of the Kerala State Local Fund Audit. As of now, the CDA had no governing body but the State government had only appointed a chairman, Mr. Vijayakumar said.
The report said endorsement letters had not been documented in the investment register. Details of shares of the capital amount of Rs.1.41 lakh of the Kerala Urban Development Corporation Ltd. were missing from the register.
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It mentioned that the annual capital income of Rs.2.64 lakh were recorded in item-wise accounts. However, it was found that the amount was loans repaid. Similarly, Rs.52 lakh obtained from pension contribution was recorded in the revenue side. The fact was that it was a book adjustment and should not have been recorded as revenue. Earnest money of Rs.92,000 and security deposit of Rs.10.72 lakh were shown in the part-3 item-wise list.
But these were registered as Rs.11,600 and Rs.10.75 lakh. Likewise, the long-term deposit of Rs.1.49 crore was recorded in revenue side. This could not be considered as revenue as the fixed deposit was withdrawn.
Several errors such as Rs.41.04 lakh in the main account; Rs.50 lakh in the deposit account; and Rs.52.17 lakh in pension contribution and mobilisation were shown also as earnings.
Documents obtained by anti-corruption activist
Anomalies found in financial statements for 2012-13
