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A judicial commission had indicted Chandy along with his personal office staff in the multi-crore solar panel scam, holding they all had "assisted" accused Saritha S Nair in "cheating" customers.
Asked if the report would mar his political career, Chandy told reporters "as far as I am concerned, my life is an open book. I am confident that I have not done anything wrong".
"Should I bow down to blackmailing?," he asked when pointed out to the sexual and corruption allegations raised against him and some other Congress leaders by solar scam accused Nair in her letter, which is part of the Justice G Sivarajan commission's four-volume 1,073 page report, that probed the scam.
"Even if there was an iota of truth in the allegations, I would keep away from public life," he said.
The "solar scam" had rocked the Chandy government before it lost power in May last year after reports surfaced in June 2013 that three of the chief minister's office staff were involved in alleged duping of several persons of crores of rupees by Saritha Nair and her accomplice Biju Radhakrishnan by offering solar panel solutions.
The ruling CPI(M) in Kerala wanted Chandy and other Congress MLAs, named in the report, to resign as members of the state assembly.
There were serious allegations against Chandy and other UDF leaders, including MPs, CPI(M) state secretary Kodiyeri Balakrishnan told reporters here.
"The findings of the report would put political leaders in Kerala in a bad light at the national level," he said.
The BJP state President, Kummanam Rajasekharan, wondered why the government had not launched prosecution proceedings against those named in the report.
KPCC former President V M Sudheeran said the report of the commission was very serious.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)