Working class party’s new theme in Kerala: revolution to resort

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Tags : kerala, politics Posted: Wednesday, Sep 03, 2008 at 0207 hrs

Pinarayi, CPM leaders at the theme park inauguration. <I>S K Mohan </I>

Pinarayi, CPM leaders at the theme park inauguration. S K Mohan

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• Another CPM venture is the Kerala State Rubber Cooperative Ltd (Rubco), which began with an investment of Rs 280 crore in 1997. Pinarayi’s aide E Narayanan is the chairman of Rubco, in which eight CPM-controlled district cooperative societies have a major stake. Tinancial mess at Rubco has left many banks nursing losses.

• With E Narayanan as the chairman, a CPM society established a shopping mall in Thalassery.

• Party-controlled cooperative societies run multi-specialty corporate hospitals in Thalassery, Kochi and Perinthalmanna. The CPM also runs a self-financing nursing college in Thalassery.

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