A C Moideen alleges plot to destroy co-op sector
Thiruvananthapuram: Co-operative Minister A C Moideen on Tuesday alleged that the Centre is making a covert attempt to destroy the co-operative sector by portraying it as a hub of black money.
Speaking at the special Assembly session convened to pass a resolution to address the co-operative sector crisis, the Minister said that there had been such attempts earlier too, but the state had fought it unitedly.
When the Centre announced demonetisation, it did not even allow the District Co-operative Banks which have the recognition of the RBI, to exchange notes. This is unjust, he said.
The co-operative banks, including the primary banks, are ready to disclose the details of the customers. There is a law that allows to subject them to scrutiny, he said. Allegations that these banks are hoarding black money is like insulting the people of the state, the Minister said.
It is the money of the small investors that helped the co-operative banks to grow. By levelling black money allegations against these banks, the Centre is terming the small investors as black money holders, the Minister said while calling for a joint agitation against the Centre’s actions.