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The Hindu
The Hindu
National
Abdul Latheef Naha

PM assures stringent action against fraudulent cooperative banks in Kerala

Prime Minister Narendra Modi has assured BJP candidate in Alathur T.N. Sarasu that stringent measures will be taken against those cooperative banks that try to cheat the people of their deposits.

Mr. Modi’s assurance was in response to a complaint raised by Ms. Sarasu during a telephonic conversation she had with the Prime Minister on Tuesday afternoon. The audio clip of the conversation has circulated on social media.

Ms. Sarasu, a former college teacher who retired as the Principal of Government Victoria College, Palakkad, told the Prime Minister during her conversation: “Sir, here is a problem in Kerala with the cooperative banks governed by the CPI(M) leaders. They loot all the money of the poor people deposited in the banks, and they are not getting back their money. There is great complaint from the part of the people here. Some of the people died also because of the lack of money for treatment and all. These people are not giving them money. That is a very big problem here, sir. Could you do something against this, sir?”

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