Saturday turned out to be a day of double whammy for the ruling CPI(M) in Kerala as a senior leader of the Opposition United Democratic Front exposed the party's double standard and hypocrisy in connection with the electoral bonds. Adding to the woes of the party is the death of a youth leader in Panur in an explosion on Friday night while assembling crude bombs.
Shibu Baby John, general secretary of the Revolutionary Socialist Party, a constituent of the UDF, made a disclosure on Saturday that though the CPI(M) had opposed the electoral bonds, the latter had received and mobilized crores of rupees from companies and business houses which were subscribers of the controversial bonds.
Speaking to reporters at Kollam, Shibu Baby John, a former minister and two-time MLA, said that the CPI(M) in its report to the Election Commission of India had stated that the party had collected funds from controversial business houses like Navayuga Engineering, pharmaceutical giants Natco Pharma, Hetro Drugs, infrastructure companies Megha Infrastructure, Muthoot and Kitex.
