6000 families on the verge of ruin vendors associated keonics wrote letter to president

Over 450 vendors associated with Karnataka State Electronics Development Corporation Limited (Keonix) have written to President Draupadi Murmu and Prime Minister Narendra Modi, threatening mass suicide if their long-pending payments are not given within a week. . The vendors, who have been waiting for payment for over a year and a half, are facing extreme financial distress, with over 6,000 families reportedly on the brink of ruin. In their letter the vendors accused the state government of systematic oppression and corruption. He alleges that the previous CEO demanded 12 percent as bribe and when he refused, stopped his payment. Despite months of appeals to officials, including IT Minister Priyank Kharge and Kionix Chairman Sharath Bachhe Gowda, the situation has not been resolved.

The association specifically held the IT Minister, Kionix Chairman, CEO Pawan Kumar Mallapatti and Finance Director Nishith responsible for the financial crisis, and threatened that they would be held accountable for any deaths resulting from the situation. Vendors also criticized the new eligibility rules introduced by KEONICS, which they claim favor larger companies over smaller vendors who have been the backbone of the corporation for years. The association’s letter said many vendors are on the verge of suicide due to financial crisis. Delay in payments and new rules have destroyed our livelihood. We request you to release our payment immediately, otherwise we will be forced to take extreme measures.

Keonics Vendors Association President Vasant K Bangera said an amount of Rs 300-350 crore is pending as unpaid bills. Bangera said that when the association raised the issue with Priyank Kharge, he said he would pay “tomorrow, day after tomorrow. But never paid the money.