Vigilance wing pulls up Kochi Metro Rail Limited over lapses in auctioning commercial spaces

Vigilance wing pulls up Kochi Metro Rail Limited over lapses in auctioning commercial spaces

The vigilance wing of the Kerala government has taken action against Kochi Metro Rail Limited (KMRL) for irregularities in the auction of commercial spaces. Investigators found that the auctions were held without public advertisements and often attracted only a single bidder. Changes in base rates and enhanced security deposit requirements were said to discourage potential bidders, leading to allegations of unequal treatment of existing vendors.

Vigilance wing pulls up Kochi Metro Rail Limited over lapses in auctioning commercial spaces — PinBrief