Karuvannur loan scam: CPI(M) vows legal fight after PMLA court issues summons

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The CPI(M) has said it volition combat the Karuvannur Service Cooperative Bank indebtedness scam lawsuit legally aft a PMLA tribunal issued summons to 28 accused successful transportation with alleged irregularities, adjacent arsenic the BJP and Congress stepped up demands for accountability.

CPI(M) Thrissur territory caput K.V. Abdul Khader alleged that cardinal agencies were targeting the enactment with governmental motives. “We volition look the lawsuit legally. The Enforcement Directorate has carried retired campaigns against the CPI(M) with governmental interests. District leaders person been made accused successful a lawsuit successful which the enactment has nary role,” helium said.

He further alleged that the determination was portion of a broader effort to weaken absorption parties. “The effort by the BJP authorities and its agencies to trap Opposition parties successful cases is not steadfast for democracy. We volition not succumb to the actions of cardinal agencies. Even if required, we volition attack higher courts to unafraid justice,” helium added.

Meanwhile, the BJP demanded that the CPI(M) apologise to the nationalist and that leaders named successful the lawsuit measurement down. BJP State vice-president K.K. Anish Kumar said the developments successful tribunal strengthened the allegations raised successful the ED’s chargesheet.

He said the CPI(M), which had earlier termed the allegations politically motivated, should present respond to the situation. He besides called for the resignation of leaders named arsenic accused, including MLA A.C. Moideen and MP K. Radhakrishnan, stating that they should measurement down connected motivation grounds portion the ineligible process continues.

The Congress besides joined the attack, with Thrissur DCC president Joseph Tajet stating that corruption could not beryllium covered up done governmental arguments. “If determination is immoderate consciousness of morality, K. Radhakrishnan and A.C. Moideen should resign,” helium said.

Mr. Tajet alleged that the irregularities had caused losses to mean depositors and called for a broad probe into the case. He besides claimed that those liable for the alleged wrongdoing indispensable beryllium held accountable.

Published - June 06, 2026 08:23 p.m. IST

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