3 months ago
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The determination to behaviour elections to the Karuvannur Service Cooperative Bank is simply a deliberate effort by the Left Democratic Front (LDF) authorities to divert attraction from 1 of the biggest fiscal frauds successful the cooperative sector, alleged Thrissur District Congress Committee (DCC) president Joseph Tajet.
Addressing the media present connected Wednesday, Mr. Tajet criticised Chief Minister Pinarayi Vijayan for maintaining “a conspicuous silence” connected the Sabarimala golden contention during his code astatine the inaugural of the LDF’s Southern Region Vikasana Munnetta Jatha astatine Chelakkara. He noted that contempt speaking for implicit an hour, the Chief Minister did not utter a azygous connection connected the contented which affected lakhs of devotees.
Drawing a parallel, helium said the Karuvannur slope fraud was different lawsuit wherever the authorities had shielded the guilty. Instead of coming cleanable connected the facts, the authorities was present rushing into elections to make a smokescreen and hide the truth.
‘In uncertainty’
Depositors, helium pointed out, proceed to unrecorded successful uncertainty. While archetypal reports had pegged the fraud astatine astir ₹400 crore, Cooperation Minister V.N. Vasavanlater informed the Assembly, successful reply to a submission by MLA T. Siddique successful November 2025, that the nonaccomplishment stood astatine ₹268 crore. “Even today, nary 1 knows however overmuch wealth is really owed, however overmuch volition beryllium repaid, oregon when,” helium said.
It is nether these circumstances, Mr. Tajet alleged, that the authorities is pushing the slope into elections connected February 22, openly challenging depositors and the public. With the Communist Party of India (Marxist) [CPI(M)] enjoying a numerical vantage among members, the aforesaid absorption is expected to instrumentality to power, allowing the authorities to lavation its hands of responsibility.
He further alleged a governmental conspiracy involving some the Bharatiya Janata Party (BJP) and the CPI(M) successful the Karuvannur case, claiming that contempt investigations by the Enforcement Directorate and the Crime Branch, respective enactment leaders arrested successful transportation with the scam had secured bail. The CPI(M), which has been successful power of the slope since 2000, bears implicit work for the fraud, helium asserted.
The DCC president demanded that the authorities people a achromatic insubstantial detailing the bank’s existent fiscal presumption and intelligibly authorities whether the depositors’ wealth tin beryllium repaid successful full. Protesting what helium described arsenic the government’s anti-depositor stance, helium announced that the Congress would boycott the Karuvannur slope elections.
