Published Aug 30, 2026 | 12:06 PM ⚊ Updated Aug 30, 2026 | 12:06 PM
The charitable society is based in Kannur district's Iritty and has CPI(M) and DYFI leaders from the region holding key posts.
Synopsis: The Kannur CPM faces allegations of financial irregularities involving the North Malabar Educational Society, which collected ₹1,000 to ₹1 lakh from over 10,000 people to establish a college. Investors allege that construction has not begun and have sought refunds. Society president Binoy Kurian denied the allegations, saying land has been purchased.
The North Malabar Educational Society, controlled by the Kannur unit of the Communist Party of India (Marxist) (CPI(M)), has come under scrutiny over alleged irregularities in the collection and utilisation of funds raised for a proposed arts and science college.
The charitable society is based in Kannur district’s Iritty and has CPI(M) and DYFI leaders from the region holding key posts.
The trust, established in 2015 under the leadership of the Iritty CPM area committee at the time, is now headed by Binoy Kurian, vice president of the Kannur District Panchayat.
The alleged financial irregularities linked to the charitable society came to light when investors filed complaints alleging lack of clarity regarding the utilisation of their money.
According to complainants, the society collected money from more than 10,000 people since 2015, through shares valued between ₹1,000 and ₹1 lakh.
The money was allegedly raised using the party’s organisational network in the district. Despite over 10 years after the fund collection, no suitable land was purchased, and the construction of the college is yet to begin, with questions being raised regarding the status of the money collected from the investors.
Investigators examining the allegations have also raised questions over the lack of clear data on the fundraising and its utilisation. There is reportedly no comprehensive record establishing the total amount collected, the number of investors or shares issued and how the funds were utilised.
The investors are now seeking either the return of their money or the immediate commencement of the construction of the proposed college.
Meanwhile, society president Binoy Kurian has denied the allegations, maintaining that land has been secured and that the proposed college project remains active.
The fresh allegations emerged as the Kannur CPI(M) is facing a series of charges regarding financial irregularities related to multiple projects in the recent years.
(Edited by Fayisa CA)
