India: Kerala Inquiry Commissioner and Special Vigilance Judge P. Jayachandran has denied bail to K. Padmakumar, managing director of Malabar Cements Limited, who was arrested in Palakkad on Monday 5 September by the Vigilance and Anti-Corruption Bureau (VACB) on charges of corruption and irregularity. Mr. Padmakumar is accused of irregularities in fixing dealers for the products of the cement company located at Walayar in Palakkad.
The judge also remanded him in judicial custody till Friday 9 September on the condition that he must be subjected to expert treatment at Government Medical College Hospital here for acute diabetes, after he was diagnosed with acute diabetes during medical examination at the district hospital. The doctors there also recommended his admission to the medical college hospital for specialised treatment and observed that he was not physically fit for custodial interrogation, at least for the time being.
In his bail plea, Mr. Padmakumar had contended that whatever actions he had taken as the managing director of the company were in accordance with collective decision and approval of the director board.
