Opposition leader Ramesh Chennithala on Wednesday said that the Rs 2,150-crore masala bond of Kerala Infrastructure Investment Fund Board (KIIFB) is nothing but a corrupt deal.
Pinarayi Vijayan will be ringing the bell when India's first sub-sovereign bond starts trading on the London Stock Exchange (LSE) on Friday. "Masala bond is backed by the blacklisted (Montreal-based energy and infrastructure major) SNC-Lavalin. It was initially said to be a public issue, but they went for private placement in Quebec province in Canada with CDPQ, a Canadian company involved in multiple activities purchasing it." he said.