The alleged scam has also put some state leaders under a cloud.
Senior BJP leader, H Raja, state president Kummanam Rajasekharan, former state chief V Muraleedharan, former union minister and lone party MLA in the Kerala assembly O Rajagopal were among those taking part in the meeting.
The scam came to fore when the report of an internal committee, which probed the allegations, was allegedly leaked to the media.
Though the state leadership initially denied the allegations, saying they were "exaggerated and only rumours", later R S Vinod, convener of party's cooperative cell was expelled from the primary membership hours after the contents of the report, reportedly submitted to state party chief last month, surfaced in a section of media.
Vigilance probe into the allegations has already begun.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)