Amidst the demand by the Karnataka State Contractors Association (KSCA) to reintroduce the letter of credit (LOC) system that existed in the past, Chief Minister Siddaramaiah on June 23 said his government would completely control the hold of “commission mafia” in government works that has affected the finances of the State.
“The financial indiscipline and the ‘commission mafia’ during the previous BJP government has led to several problems in the State finances,” he said, adding that he would consider releasing pending bills of the contractors after the completion of the Budget session.
He met a delegation of contractors led by KSCA President D. Kempanna in Bengaluru on Friday. He also promised that following the Budget session, he would convene a meeting of Finance Department and BBMP officials to sort out the pending bills issue.
