There have been bigger commercial bank scams in India: Kerala Min ...Middle East

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Kochi: Even as the ruling CPI(M) in Kerala is going through tough times ever since the ED began probing the functioning of a few cooperative banks managed by it, a state Minister has said that this was because of the Centre’s attitude to the success of the cooperative movement in the state. State Minister for Local Self Government MB Rajesh said the cooperative movement was doing well and the Centre was trying to unsettle it. He added that the country had seen even bigger scams in commercial banks. The CPI(M) has been jittery ever since the ED began probing allegations of a massive scam in the Thrissur-Karuvannur Service Cooperative Bank. A loan fraud understood to be in excess of Rs 500 cr

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