[1] The government of Kerala decided to import 15,000 tonnes of palm oil from Power and Energy Ltd, a Malaysian company in Singapore, at a price higher than on the open market.
The investigation agency's charge sheet says that this order caused a loss of more than 2.32 crores to the public finances.
[3] Chandy was the 23rd witness in the case and had been well known as the leader of the inner-party campaign launched by the A. K. Antony group within the State Congress against Karunakaran, especially on the palmolein issue during the early 1990s, when the import deal first became a controversy.
[citation needed] A debate raged against Thomas heading the position as CVC and being accused in the case.
On 3 February 2011, he was finally asked to quit[4][5] by the Supreme Court on the grounds that he had a corruption case pending against him.
[6] On 16 February 2016, the Supreme Court rejected Achuthanandan's plea and said that he was just dragging the case to get political mileage.