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Cooperative banks a shield for CPM: V Muraleedharan

The cooperative sector in the state has a deposit of Rs 1,27,000 crore

Kozhikode: BJP leader V. Muraleedharan alleged that the CPM was trying to protect their vested interest by using lakhs of co-operate bank customers as human shield. Addressing a press conference here on Friday, he said BJP was not against cooperative sector but its misuse by the CPM to mobilize funds for the party and to employ partymen. The cooperative sector in the state has a deposit of Rs 1,27,000 crore and more than 1 crore people are involved in the sector in one way or the other. "However, for the last many decades, these funds and human resources are under the total control of CPM. It is a threat to polity," Mr. Muraleedharan said.

He pointed out that allegations are rife about CPM using cooperative bank as a shelter to keep the unaccounted money the partymen earned through dubious ways as deposits. The party is also against the Central government's amendment of the cooperative law, which ensured better transparency and efficacy. "CPM wants total disarray in the sector," he alleged. He also said that though the UPA government led by Congress had brought the 111th amendment of the Cooperative Law, it failed to implement it throughout the country. "It is ironic to see the same Congress party is cooperating with CPM in its war against BJP," Mr. Muraleedharan said.

( Source : Deccan Chronicle. )
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