CPI-M leader and former MP , P.K. Biju denies allegation of involvement in coop bank scam

CPI-M state secretariat member and former Member of Parliament, P.K. Biju has said that he was not involved in any of the scams related to Karuvannur cooperative bank ruled by the party

Thiruvananthapuram, Sept 10 (BPNS)

CPI-M state secretariat member and former Member of Parliament, P.K. Biju has said that he was not involved in any of the scams related to Karuvannur cooperative bank ruled by the party. He said that he would face the allegations legally and politically.

He was responding to allegations by the Congress leader and former MLA, Anil Akkare that P.K. Biju was closely involved with Satheeshkumar the first accused in the Karuvannur cooperative bank scam and arrested by the Enforcement Directorate (ED).

It may be noted the premier investigating agency had recently conducted raids at the residential premises of former Kerala minister and CPI-M, MLA ,A.C. Moideen. The ED has also summoned the former minister for further questioning.

Anil Akkara, the former Wadakkanchery MLA of the Congress party in Thrissur district has alleged that P.K. Biju used to accept money from the first accused Satheesh Kumar and that the money was swindled from Karuvannur cooperative bank.

There were reports that the ED had named a former MP as being party to the scam in Karuvannur Cooperative Bank and that this leader had taken the proceeds of the scam from Satheesh Kumar.

Biju also denied allegations that he was involved in money transactions with Satheesh Kumar, the first accused.

It is to be noted that Karuvannur cooperative bank scam has rocked Kerala with fingers of accusation pointing towards former minister and CPI-M MLA,A.C. Moideen who was also the party Thrissur district secretary.