A group of people under the aegis of Brahmagiri Victims Action Committee, a platform for depositors of the now defunct Brahmagiri Development Society (BDS) in Wayanad, is preparing to launch an indefinite agitation raising a slew of demands, including payment of their deposits.
Addressing the media here on Thursday, Abhilash Mathew, president, and M.R. Mangalan, secretary of the organisation, said close to 600 depositors, including farmers, retired hands, Kudumbashree units, and even daily wage workers had invested their hard-earned money in BDS.
But the CPI(M)-controlled agrarian cooperative entity had plunged into a financial abyss owing to mismanagement, putting more than 600 depositors and hundreds of other stakeholders in a fix, Mr. Mathew said.
