Thiruvananthapuram: The co operative banks in Kerala are crippled down to refund even the money deposited by the investors. 164 banks in the state are in dead loss. Sandeep Vachaspati, BJP leader has published the list of unworthy banks through his Facebook.
V N Vasavan, the Minister for co-operation, had informed in the assembly last week, that the co operative banks cannot return the deposited money to the investors. And the MLAs did not inform this matter to the common people, and that is suspicious, added Sandeep Vachaspati.
LDF and UDF governments in Kerala have made financial malpractices and that being the reason of their silence. Kandala service cooperative bank in Thiruvananthapuram had misappropriated funds worth over rupees 100 crore, Sandeep Vachaspati wrote in Facebook.
Sandeep Vachaspati has published the district wise details of 164 banks in his fb post.