District Secretary MM Varghese said that the Karuvannur Cooperative Bank irregularity was with the knowledge of CPI(M) district committee. The party is convinced that what happened in Karuvannur was a massive fraud. CK Chandran had serious lapses in his handling of affairs.
He said that the party has properly investigated and taken action.
The party has not failed in any way. Party members involved in irregularities have been expelled. MM Varghese also stated that the allegation that investment money is given only to CPIM supporters is false.
Read Also: Karuvannur scam; Former secretariat member CK Chandran said that the governing body is responsible for everything
Meanwhile, former secretariat member CK Chandran said that he had no role in the Karuvannur scam. He did not do wrong. The governing body is responsible for everything. Action has been taken against the violators. He does not interfere in the affairs of the bank. The secretary is fully responsible for the affairs of the bank. CK Chandran told Twentyfour that he is only a party worker.
Story Highlights: District Secretary MM Varghese On Karuvannur Bank Fraud
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