CPI(M) Central committee member and former Minister A.K. Balan on Saturday called upon the employees of the Kerala State Financial Enterprises (KSFE) to be vigilant against the creation of fake chits in the company using forged names and signatures to meet business targets.
Addressing the 17th State convention of the KSFE Officers’ Union here, Mr. Balan said that with the hostile policies of the Union government, the Directorate of Enforcement (ED) was looking for an opportunity to enter into the fray.
“No one should infer that the ED would not come here. You are also aware of the approach of the central government towards the cooperative sector. You should also think about the financial issues resulted through such activities,” said Mr. Balan. He also said that the unfair practice would emerge as a threat to the existence of the firm.
