By S Chandrasekhar
The CPM hell-bent on pampering extremist and jehadi elements has taken great interest to create Islamic Bank, backed by Gulf based NRIs who are the main links in drug trade, counterfeit currency rackets, hawala transactions, etc.
Janata Party President Subramaniam Swamy, whose intervention, in the Supreme Court, stayed destruction of the ‘Ram Sethu’, has done it again. In a Public Interest Litigation filed at the Kerala High Court, he has demanded scrapping of the ‘Islamic Bank’, proposed to come up with finance from Kerala State Industrial Development Corporation, a Government of Kerala undertaking.
The CPM hell-bent on pampering extremist and jehadi elements has taken great interest to create Islamic Bank, backed by Gulf based NRIs who are the main links in drug trade, counterfeit currency rackets, hawala transactions, etc. The CPM is a major recipient of hawala money and top leaders have multi-crore operations in the Gulf. The Islamic Bank is a hawala route for anti-national operations.
Swamy in his ‘PIL’ has contended that public money is being appropriated for favouring a particular religion in a secular country, as KSIDC has 11 per cent stake in the multi-crore bank. “The Govt. of Kerala participation is clear instance of State favouring a particular religion. The Bank will be as per Sharia laws and hence ‘GoK’ is identified with Islamic Sharia. This is violative of Article 14 and 25 of Constitution which promises equality before law and right to freedom of religion. It is scandalous and dangerous for the country and worse since CPM is promoting it. Islamic Bank is violative of Banking Regulation Act of 1949. Moreover a 7 Judge bench of the Supreme Court has ordered that no public money should be used for promoting institutions of a particular religion.”
The Division Bench of Kerala HC has postponed the case to January 2010 for hearing.
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