Consumerfed president Joy Thomas said the baseless allegations being levelled against Consumerfed for the last few months have landed it in a serious crisis. Addressing a news conference here along with four executive directors on Monday, he said that his refusal to yield to some unjust demands from certain quarters was the reason behind the allegations. However, he did not reveal the names of those who had allegedly made the unjust demands. ‘’I am a nominee of the KPCC president Ramesh Chennithala. If he asks me to divulge the names I will reveal the names’’ he said. Joy Thomas said sections of the media and certain vested interests were raising baseless allegations against Consumerfed. “Following media reports about corruption in purchases, the Vigilance had conducted raids on Consumerfed offices and godowns on September 30. Exaggerated reports are coming out about the raids,’’ he alleged. He pointed out that the official concerned had not come forward to reveal the truth. He said the allegations and raids had badly affected the morale of the employees. Meanwhile, vested interests have launched a campaign that Consumerfed was facing trouble. “It is the hoarders and black marketers who are going to benefit from the nefarious campaign unleashed against Consumerfed. We will cooperate with the Vigilance probe that has been launched in the wake of the allegations. Such malicious reports are aimed at destroying the Federation,” Joy Thomas said. The negative news had an impact on Consumerfed. The distributors of products have started losing faith in Consumerfed. He said that Consumerfed owes over `370 crore to producers and distributors. An amount of `420 crore is pending from the State Government on subsidised sales during the festive season. “The delay in payment has affected our transactions and we have been forced to take a loan of `520 crore from various banks and cooperative societies to ensure the smooth functioning of the federation,” he said, adding that the federation had to shell out `36 crore per year as interest on this loan. “With the completion of Ramzan and Onam sales, there has been a fall in stocks. Further distribution and stocking of the commodities will be affected if we fail to pay at least a part of the money to the distributors and producers,” he said. Presenting the accounts at the press conference, he said that Consumerfed had followed appropriate tender procedures to procure the Jaya variety of rice and it has been wrongfully accused of purchasing the rice at a higher price than its market rate. He said they had purchased rice at the rate of `28.50 per kg when the lowest rate quoted in the tender was `29 er kg. The allegation was that the actual price of rice was `24.70. In this context, he said that those who had raised the allegations should have stated whether it was the price of rice in Andhra or in Kerala.