In 8 years graft to the tune of Rs 32 cr in Malabar Cements

Palakkad: Vigilance has found that in the last eight years financial irregularities to the tune of Rs 32 crore has taken place in Malabar Cements. Including the case in which the charge sheet has been submitted there are six different cases. In four of these graft charges controversial businessman VM Radhakrishnan is the prime accused. Main irregularity took place in connection with fly ash transportation. The contract was awarded for Radhakrishnan's company flouting norms incurring a loss of Rs 16.17 crore to the company. In case regarding to pollution control mechanism a corruption of Rs 8.84 has taken place. Vigilance also found out that Radhakrishnan made Rs 3 crore as commission.

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