Drawing a parallel, Mollah told a press conference that unlike Communists in the state, the Left Front in Kerala under the leadership of EMS Namboodripad had launched the movement for the emancipation of the downtrodden.
"It was not done by the upper class hegemony of the leadership here," he said.
He said that the CPI(M) would not be able to make a turnaround and counter the Trinamool Congress in the state without restructuring of the leadership.
Mollah, a veteran CPI(M) MLA since 1972 and a prominent minority leader in Bengal said that his new organisation would fight the next assembly polls in 2016.
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To a question when he would leave the party he said "When I leave I will call all of you."
"I am setting up a mass organisation. When I form a party I will quit because one can not remain in two parties," Mollah, a former minister for land and land revenue said.
He had also attacked former chief minister Buddhadeb Bhattacharjee for his industrial policies and his "inability" to lead the party in time of crisis.