From The Hindu · The Hindu Bureau · · 1m 40s
CPI(M) demands party leaders repay cooperative bank loans
Kerala's Communist Party orders leaders to clear dues immediately or face disciplinary action after public anger over frozen deposits.
In brief
Kerala's Communist Party orders leaders to clear dues immediately or face disciplinary action after public anger over frozen deposits. The CPI(M) in Kottayam, Kerala has ordered party leaders to repay cooperative bank loans immediately, threatening disciplinary action against defaulters after public anger over frozen…
CPI(M) orders loan repayment
The Communist Party of India (Marxist) held an extended district committee meeting in Pala, Kerala on Saturday that directed party leaders to immediately clear loans from cooperative banks.
Seven leaders owe substantial sums
According to district secretary T.R. Raghunath, two district secretariat members and five district committee members have availed themselves of substantial loans from cooperative banks.
Threat of disciplinary action
The party warned of strict disciplinary action against leaders who default on repayments, as part of a course correction being initiated within the CPI(M) in Kottayam.
Public anger over frozen deposits
The meeting noted that actions of some party leaders had left ordinary depositors unable to withdraw money during times of crisis, triggering considerable public anger against the Left Democratic Front.
Electoral losses blamed on leadership
Delegates assessed that public anger over frozen deposits contributed to the Left Democratic Front's setback in areas including Pala, and attributed the party's heavy defeat in the district to leaders' attitude and interventions.
Party restructuring and new appointments
The meeting decided to induct P. Shanavas of Kanjirappally into the district secretariat and include Changanassery area secretary Sugathan in the district committee, while five leaders including DYFI district secretary T.S. Sarath were added as special invitees.
What matters most
The CPI(M) in Kottayam, Kerala has ordered party leaders to repay cooperative bank loans immediately, threatening disciplinary action against defaulters after public anger over frozen deposits contributed to electoral losses.
