Allegations of violations and financial irregularities have arisen regarding Mathew Kuzhalnadan’s Chinnakanal resort and asset acquisitions.
In a recent development, the Communist Party of India (Marxist) or CPM has intensified its criticism of Mathew Kuzhalnadan, a prominent Congress leader. The focus of the allegations centers around the establishment of a resort in Chinnakanal, Idukki, in apparent violation of regulations governing such constructions.
The CPM’s Ernakulam district committee secretary, C N Mohanan, addressed a press conference to assert these allegations. According to Mohanan, Kuzhalnadan and his spouse have amassed assets worth Rs 30.5 crore between 2016-17 and 2020-21, despite having a total income of just Rs 95.866 lakh over the five years. Mohanan pointed out that the disclosed assets exceed the known income by a staggering 30-fold.
The controversy extends to Kuzhalnadan’s resort, named ‘Eterno Capitans Dale,’ which is situated in Chinnakanal. Contrary to claims that it is a guest house, the CPM alleges that it is indeed a resort. Mohanan highlighted that online bookings are available for various types of rooms, solidifying the assertion that it is a resort rather than a guest house.
The accusations against Kuzhalnadan come in the wake of his own allegations against the daughter of Kerala’s Chief Minister, Pinarayi Vijayan. Kuzhalnadan raised questions regarding payments made by Cochin Minerals and Rutile to her company, Exalogic Solutions Pvt Ltd.
Furthermore, Kuzhalnadan is facing scrutiny over alleged violations related to overseas investments. Mohanan revealed that Kuzhalnadan’s declared investment in overseas-located Career House Communications, valued at Rs 9 crore, appears to exceed the cap set by Indian regulations. With a limit of USD 250,000 for foreign investments by an Indian citizen, the discrepancy raises questions about the source and legality of the investment.
In response, the revenue department has decided to conduct a re-survey of Kuzhalnadan’s family property. The move comes after allegations of money laundering, property undervaluation, and evasion of stamp duty were raised against him. A comprehensive probe has been requested by the CPM, and the controversy continues to unfold.
Disclaimer: This article is based on information available in a specific news report and does not imply any verification of allegations