Thrissur, Wednesday, February 09, 2011: The Thrissur Vigilance Court today granted bail to three accused, former MCL Chief Secretary John Mathai, Former Directors Padmanabhan and Krishnakumar in connection with the corruption in Malabar Cements Limited.

Earlier, the Vigilance and Anti-Corruption Bureau (VACB) has filed a charge sheet at Vigilance court in Thrissur, naming the former Chief Secretary John Mathai as an accused, for alleged fraud in the transport of fly ash to the public-sector Malabar Cements Ltd. (MCL) at Valayar, causing a loss of Rs.16.17 crore.

Mathai had been included as he was the Chairman of the company when the contract was given. Krishnakumar and Padmanabhan were the directors of the Company at that time.

John Mathai, N Krishnakumar and Padmanabhan Nair are the fifth, sixth and seventh accused in the case.