The Vigilance wing has flagged lapses in the auctioning of commercial spaces by Kochi Metro Rail Limited (KMRL), saying the process was carried out in a less transparent manner. According to the findings, auctions were conducted without advertisements, and in most cases, only a single bidder participated.
The report said changes in the base rates and earnest money deposit (EMD) conditions appeared to have discouraged prospective bidders. It also noted that these changes created a sense of differential treatment among existing vendors.
The observations were made in connection with the auction process for commercial spaces under KMRL. Further action, if any, is not clear from the information available.
