Kerala cashew import scam: K.A. Ratheesh resigns from three key posts amid CBI corruption charges
Ratheesh resigns as secretary, Kerala Khadi and Village Industries Board; managing director, RUTRONIX (Kerala State Rural Women’s Electronics Industrial Cooperative Federation Ltd); and CEO of Kerala Khadi Workers’ Welfare Fund Board
Kerala's former Managing Director of the Kerala State Cashew Development Corporation, K.A. Ratheesh, has resigned from three key positions following a CBI corruption report. The CBI's report, submitted to the Kerala High Court, added charges of corruption under the Prevention of Corruption Act, 1988, to Ratheesh's case. The alleged irregularities in the import of raw cashew from 2006 to 2015 totaled ₹600 crore.
Ratheesh has resigned as the secretary of the Kerala Khadi and Village Industries Board, managing director of RUTRONIX, and chief executive officer of the Kerala Khadi Workers’ Welfare Fund Board. The Chief Minister has directed Ratheesh to submit his resignation following adverse remarks by the High Court over the continuation in key posts of individuals charged by the CBI.
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