LDF convenor's statement on ED bank scam probe sends shockwaves through Kerala CPM

The open statement of LDF convenor and senior party leader EP Jayarajan over the Karuvannur Cooperative Bank fraud has sent shock waves among the CPM leadership in Kerala.

The party is fuming over the statement, in which he said he did not have facts with him to say that the ongoing probe by the Enforcement Directorate in the bank scam is politically motivated.

The senior CPM leader also publicly stated there were lapses on the part of the party in identifying the wrongdoings in the bank and setting it right.

In an interview given to a Malayalam TV channel, EP Jayarajan said he did not have facts with him to say that the ongoing probe by the ED in the Karuvannur Cooperative Bank scam is politically motivated.

"It is common knowledge that the ED plays political games, but I do not have facts with me to say that regarding the ongoing ED probe in the Cooperative bank scam," Mr Jayarajan said.