Panneerselvam writing to banks not allow transactions without his authorisation

Chennai:  O.Panneerselvam's writing to the banks to not allow transactions without his authorisation may not have any practical impact on the AIADMK, said a senior party leader on Thursday. Panneerselvam's contention is that an interim General Secretary does not have the power to remove him from the party post. Party officials have also agreed with Panneerselvam's contention. He said there were other authorised persons to carry out banking transactions in the party. According to reports, Panneerselvam has written to banks asking them not to allow any transactions without his authorisation as the party Treasurer.According to the party leader,only during elections the operation of bank accounts for the party becomes crucial as there is a cap on the individual candidates on the electioneering expenses. "On other days the situation could be managed,"he added.