Kerala CM alleges KIIFB plunged state into financial crisis; probe mulled

Kerala Chief Minister V.D. Satheesan, after tabling an expert committee report in the Assembly, accused the Kerala Infrastructure Investment Fund Board (KIIFB) of causing severe financial strain and 'huge losses' through its transactions under the previous LDF government. The government will review the report and may order an investigation. This marks a political escalation against the prior administration's flagship infrastructure financing vehicle, with fiscal implications for the state.