Thiruvananthapuram, June 4 -- Keralam BJP president Rajeev Chandrasekhar on Thursday launched a sharp attack on the previous CPI(M)-led government, alleging that the state's economy was being managed like a Ponzi scheme, further claiming that the true fiscal situation had been hidden from the public.

Referring to the recently released White Paper on Keralam's finances, Chandrasekhar said, "I have been saying for the last year and three months that the economy was being mismanaged to such an extent by the CPI(M) government that it resembled a Ponzi scheme. Everything was camouflaged with fictitious figures, and the people of Kerala were misled about the real condition of the state's economy."

BJP leader welcomed the White Paper, saying i...