"I am confident that I will be able to prove my innocence in the case," he told reporters here.
"The court verdict came due to my own carelessness. I did not take the case seriously asI was sure that I was not involved in it," he said.
The Congress leader said the petitioner in the case, businessman M K Kuruvilla, had met him when he was the chief minister and complained that he had been duped by his (Chandy) relative Andrews and Personal Assistant Daljit.
A local court in Bengaluru had on October 24 directed six persons, including Chandy and a firm to together pay Rs 1,60,85,700 to Bengaluru-based businessman M K Kuruvilla, with 12 per cent interest.