CPI(M) will not shield guilty in loan scam: district secy.
The Hindu
It is alleged that party knew about it and had appointed an inquiry panel
The Communist Party of India (Marxist) will not protect its members on the committee of Karuvannur Service Cooperative Bank, near Irinjalakuda, if they are found guilty in the loan scam, party district secretary M.M. Varghese has said. “There is no place for those who commit fraud in the party. If they are found guilty they will be expelled from the party,” said Mr. Varghese here on Tuesday. A loan scam of over ₹100 crore was reported at the bank, controlled by the CPI(M), on Monday. The police have registered a case against six persons, including the secretary of the bank. The secretary is under suspension.
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