State govt. all set to revoke suspension order of TN Chikkarayappa

Bengaluru: Immediately after the Centre’s demonitisation announcement on November 8, 2016 the Income Tax (IT) department and Enforcement Directorate (ED) officials had conducted raids at houses owned by T.N. Chikkarayappa, then managing director of Cauvery Neeravari Nigama Ltd and uncovered huge amount of cash, mostly in new currency notes way abov

Following action by both these central agencies, the state Anti Corruption Bureau (ACB) too raided his house and stated that he possesses property worth Rs.3.5 crore, above his known source of income.

 In the backdrop of these raids, the state government decided to suspend him from his service. However, fast forward June 2017, the state government wants to reinstate him to the same position.

According to the sources in the state government, under immense pressure, government has decided to revoke his suspension order. 'File is now moving. Within next two days his suspension order will be revoke," said sources.

"IT department and ED are against revoking suspension. But ACB which is under the control of the state government is silent on the issue. So, state government initiated the process," sources explained.

Meanwhile, many feel that if suspension order is revoked it will hit the image of the state government. "BJP is all set to make this an election issue. We wish government does not go ahead with the proposal," said sources.