Show-cause notice on KIIFB masala bonds based on false figures, misrepresentation: CEO
The Hindu
K.M. Abraham, chief executive officer of the Kerala Infrastructure and Investment Fund Board (KIIFB), has slammed the Enforcement Directorate (ED) stating that the allegations in the show-cause notice issued in connection with the KIIFB masala bond “are based on false figures, misrepresentation of facts and a flawed understanding of applicable regulations.”
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