8 months ago
4
The Bharatiya Janata Party (BJP) has accused the Communist Party of India (Marxist) [CPI(M)] of plundering ₹5,000 crore from the cooperative banking assemblage and demanded that the authorities bring retired a White Paper connected it.
At a property league present connected Friday, P.K. Krishnadas, subordinate of the BJP nationalist enforcement committee, said the LDF authorities had ruined the State’s cooperative assemblage successful the past 10 years.
District cooperative banks, which utilized to beryllium the lifeline for superior cooperative societies successful situation situations, were merged into Kerala Bank. The CPI(M) has been utilizing cooperative banks to grow the enactment and the deposits made by the mediocre successful agrarian areas were diverted to money enactment activities and to enactment the pockets of its ain leaders, Mr. Krishnadas said.
Karuvannur case
He accused the CPI(M) of utilizing cooperative banks to launder achromatic wealth and said that Karuvannur slope fraud was the biggest ever cooperative assemblage scam successful the country.
Mr. Krishnadas said a committee deputed by the BJP had determined the magnitude defrauded by the CPI(M) from cooperative banks to beryllium ₹5,000 crore and from the Karuvannur slope alone, ₹328 crore had been swindled. The nationalist did not spot the cooperative assemblage due to the fact that of this corruption, helium added.
“Destroying the cooperative assemblage and bringing Kerala’s system to the brink of ruin person to beryllium the biggest administrative successes of that LDF government,” Mr. Krishnadas said.
