Corruption charges against Minister K Babu

THIRUVANANTHAPURAM: Charges of corruption have been leveled against Excise Minister K Babu in the assembly.

Babu M Palisseri alleged that the minister accepted Rs 100 crore as bribe from liquor companies. The allegation was leveled during budget talks and he sought a judicial probe on it.

Palisseri alleged that the deal incurred a loss of Rs 40 crores for the exchequer. The contract to stick holograms in liquor bottles was given to companies in Karnataka after avoiding C-Dit.

Babu M Palisseri said the amount was handed over to Shafi Methar, economic advisor of the chief minister.