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Ex-MP Suresh Gopi undertakes march against Co-operative bank scam

Gopi, who served as the Rajya Sabha MP between 2016 and 2022, insisted that the agitation was not political in nature and that it was being conducted from a ‘humane’ perspective to protect the cooperative sector in the state and savings of lakhs of poor people

Updated on: Oct 3, 2023, 09:24:07 IST
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Kochi: BJP leader and former Rajya Sabha MP Suresh Gopi on Monday undertook an 18-km ‘padayatra’ (foot march) along with hundreds of party workers in Thrissur district of Kerala to protest against alleged corruption and money laundering at the CPM-controlled Karuvannur Service Co-operative Bank.

The actor-turned-politician paid floral tributes to the five people who died by suicide after losing their savings in the cooperative bank fraud (File photo)
The actor-turned-politician paid floral tributes to the five people who died by suicide after losing their savings in the cooperative bank fraud (File photo)

The actor-turned-politician paid floral tributes to the five people who died by suicide after losing their savings in the cooperative bank fraud. He met the families of the victims before beginning the ‘padayatra’ around 2pm Monday from the Karuvannur bank in Irinjalakuda. The protest march was inaugurated by BJP state president K Surendran.

“This agitation is not aimed at destroying cooperative societies or questioning their existence. These cooperative banks and institutions must function as long as they can return the ‘blood money’ of poor people. We will not allow them to be shut down. This yatra is aimed at strengthening the foundations of the cooperative structure,” said Gopi at the inauguration of the protest.

Gopi, who served as the Rajya Sabha MP between 2016 and 2022, insisted that the agitation was not political in nature and that it was being conducted from a ‘humane’ perspective to protect the cooperative sector in the state and savings of lakhs of poor people.

The Enforcement Directorate (ED) has been probing charges of money laundering at the Karuvannur bank where benami loans were sanctioned allegedly to non-members of the CPM-controlled bank often by mortgaging the properties of poor members without their knowledge. The money to the tune of ₹150 crore has been swindled out of the bank, ED has said.

The central agency has made several arrests in the case including the accused Sathish Kumar, Kiran PP and CPM local councillor PR Aravindakshan. It has also questioned CPM MLA and former minister AC Moideen and MK Kannan, CPM leader and state vice-president of Kerala Bank.

 
ABOUT THE AUTHOR
Vishnu Varma

Vishnu Varma is Assistant Editor and reports from Kerala for the Hindustan Times. He has 10 years of experience writing for print and digital platforms and has worked at The New York Times, NDTV and The Indian Express in the past. He specialises in longform reportage at the intersections of politics, crime, social commentary and environment.

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