"Yesterday we heard that the deal has been closed, by stating that it was a 'misunderstanding'. How can this happen?" Cong leader Ramesh Chennithala said.

Binoy Kodiyeri row Financial settlement of Dubai deal mysterious says Congress
news Controversy Saturday, February 17, 2018 - 07:39
Written by  IANS

The Congress in Kerala on Friday termed the reported settlement in Dubai of a controversial financial deal involving Left leader Kodiyeri Balakrishnan's son as "mysterious".

Following the settlement, the travel ban on Binoy Balakrishnan, the elder son of the Secretary of the Communist Party of India-Marxist Kerala State Committee, will be lifted.

Trouble started for Balakrishnan and his son when a three-page letter dated January 5, from sponsor of a Dubai-based company, H.I.A. Al Marzooqi, was made available to the media, which stated that Marzooqi has started legal proceedings against Binoy Balakrishnan for alleged fraud of Rs 13 crore.

Things changed fast after Marzooqi filed a petition against Binoy Balakrishnan over a cheque dishonour, to the tune of Rs 1.72 crore and the travel ban was imposed on the CPI (M) leader's son in Dubai.

Leader of Opposition Ramesh Chennithala told the media: "It was the Arab gentleman himself who said that he has not got back the money that he has given to Binoy.

"And he had informed the CPI (M) party's top leadership. But yesterday we heard that the deal has been closed, by stating that it was a 'misunderstanding'. How can this happen? This clearly shows that there has been something mysterious as one fine morning the person who first said that he has to get money, suddenly says that there is no case at all." 

Chennithala said when he came to know about the case he had immediately written to Chief Minister Pinarayi Vijayan to see that a probe is launched to find the truth.

"It was yesterday evening that Binoy speaking to a TV channel from Dubai said that the controversy arose because of a 'misunderstanding' and the case has been settled out of court."

"He also said he will apply to lift the travel ban imposed on him," the Congress leader added.

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