Kerala cashew import scam: K.A. Ratheesh resigns from three key posts amid CBI corruption charges
K.A. Ratheesh, a former managing director of the Kerala State Cashew Development Corporation, has resigned from three key government posts following corruption charges filed by the CBI. The Kerala High Court had previously criticized the state for allowing officials facing serious corruption allegations to remain in influential positions.
Why it matters
The case highlights ongoing issues with administrative accountability and the impact of corruption on state-run enterprises in India.
After the Central Bureau of Investigation (CBI) submitted a report to the Kerala High Court stating that offences under the Prevention of Corruption Act, 1988 (PCA) had also been added to the charges against K.A. Ratheesh, former managing director of the Kerala State Cashew Development Corporation (KSCDC), in connection with the alleged misappropriation of funds in the import of raw cashew, he resigned from the three key posts he had been holding.
Mr. Ratheesh resigned as the secretary, Kerala Khadi and Village Industries Board; managing director, RUTRONIX (Kerala State Rural Women’s Electronics Industrial Cooperative Federation Ltd.); and chief executive officer of the Kerala Khadi Workers’ Welfare Fund Board.
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