• About
  • Advertise
  • Contact Us
  • Privacy Policy
  • Submit Your Success Story
  • Hindi Version
Wednesday, December 11, 2019
Indian Cooperative
IFFCO Banner
  • Home
  • Cooperative Federations
    • NCUI
    • NAFED
    • NCCF
    • NAFCUB
    • SUGAR COOP
    • HOUSING COOP
    • NCDC
    • NFCL
    • IFFCO
    • KRIBHCO
    • Fishcofed
  • Banks
  • Dairy
  • Fertilizer
    • IFFCO
    • KRIBHCO
  • NCUI
  • Cooperator
  • ICA
  • Laws/Legislations
  • States
No Result
View All Result
  • Home
  • Cooperative Federations
    • NCUI
    • NAFED
    • NCCF
    • NAFCUB
    • SUGAR COOP
    • HOUSING COOP
    • NCDC
    • NFCL
    • IFFCO
    • KRIBHCO
    • Fishcofed
  • Banks
  • Dairy
  • Fertilizer
    • IFFCO
    • KRIBHCO
  • NCUI
  • Cooperator
  • ICA
  • Laws/Legislations
  • States
No Result
View All Result
Indian Cooperative
No Result
View All Result
IFFCO Banner
Home Banks

Co-operative complaints from victims flood Rajasthan govt website

by Rohit Gupta
November 19, 2019
in Banks, Featured
0
Co-operative complaints from victims flood Rajasthan govt website
Share on FacebookShare on Twitter

As soon as the Rajasthan govt decided to launch a website where one can complain against cheating by co-operative organizations, there has been a flood of complaints from the helpless victims.

There are reports that till recently more than 4500 complaints were registered related to frauds in Credit Cooperative Societies of Rajasthan on the website of the Cooperative Department within a span of 20 days. The complaints related to scams involved about Rs 142 crore.

Readers would recall that scams came to light after the complaints related to Adarsh Credit Cooperative Society, Sanjivani Navjeevan and several other big credit co-ops were received.

After receiving complaints, Rajasthan Cooperative Department came down hard on frauds and last month released a link to register online complaints on the website where over 4500 complaints were registered.

The cooperative department has now started hearing the complaints in the court of the Registrar of Co-operatives every Saturday.

Besides, notices have also been issued to 49 credit co-operative societies involved in frauds. They have been asked to return investors’ money in 15 days, failing which their accounts will be seized and action taken against them.

The Central Government has implemented the Banning of Unregulated Deposits Act several months back and Rajasthan is the only state where the first action has been initiated. Under this Act, the Registrar of Co-operatives has been declared as the competent authority with powers of the Civil Court.

The Act also empowers the registrar to seize the accounts and assets of wrongdoing societies. Cooperative registrar Neeraj K. Pawan told the media that the department is now collecting information about the accounts and assets of these societies. If complaints of investors are found correct at the hearing, then the money will be returned to investors by selling cooperative societies’ assets.

Tags: Adarsh Credit CooperativebankBreakingcooperativecourtDeposit ActrajasthanRegistrar

Related Posts

RICM Patna holds a mega programme on Agri Start-ups

RICM Patna holds a mega programme on Agri Start-ups

December 10, 2019
International participants laud NCUI-CICTAB training module

International participants laud NCUI-CICTAB training module

December 9, 2019
Resolving BoM issue: Sah Bharati writes to RBI Governor

Marathe hails Policy Statement; wants UCBs to go for Consortium lending

December 7, 2019
Saraswat Bank becomes first to launch account opening app

Thakur for end of dual control; says it would make the sector robust

December 6, 2019
Rajasthan: Co-ops get ready for elections; BJP welcomes the move

Rajasthan: Co-ops get ready for elections; BJP welcomes the move

December 6, 2019
Damocles sword on 10 thousand co-op societies in MP

Damocles sword on 10 thousand co-op societies in MP

December 4, 2019
Next Post
RBI helping UCB sector to come up with robust Umbrella Organization

RBI helping UCB sector to come up with robust Umbrella Organization

Co-op Queries

Ask your cooperative-related
questions to Mr I C Naik
info@indiancooperative.com
Note: Must mention your State and the Society Registration Number

Query from Shrenik Seth

Query from Yogesh Bhatt

Query from Juzer Matiwala

Query from Amarendra Singh Yadav

Video

भारतीय अंतर्राष्ट्रीय सहकारी व्यापार मेले (आईआईसीटीएफ), के उद्घाटन अवसर पर...#IndiaInternationalCooperativeTradeFair #IICTF

Posted by Narendra Singh Tomar on Friday, October 11, 2019

Twitter

Facebook

RSS Bhartiyasahkarita

  • आरबीआई के नीति वक्तव्य की सराहना; मराठे का कंसोर्टियम लेंडिंग पर जोर
  • अदूर को-ऑप अर्बन बैंक को कोई राहत नहीं
  • पीएम-किसान योजना पर खर्च
  • तेलंगाना में पैक्स का पुनर्गठन
  • दोहरे नियंत्रण की समाप्ती से सहकारी क्षेत्र होगा मजबूत: ठाकुर
  • राजस्थान में सहकारी समितियों का चुनाव; भाजपा ने किया स्वागत
  • नैनो लॉन्च के लिए मंत्री ने की इफको की तारीफ, कहा योजना पीएम के दिल के करीब
  • राजस्थान में डेयरी उद्यमियों को नाबार्ड ने किया प्रोत्साहित
  • प्रभावी ऋण वितरण के लिये रजिस्ट्रार ने की वीडियो कॉन्फ्रेंसिंग
  • हिमाचल स्टेट को-ऑप बैंक ने सीएम फंड में दिया 1 करोड़ का दान
  • About
  • Advertise
  • Contact Us
  • Privacy Policy
  • Submit Your Success Story
  • Hindi Version

© 2018.

No Result
View All Result
  • Home
  • Cooperative Federations
    • NCUI
    • NAFED
    • NCCF
    • NAFCUB
    • SUGAR COOP
    • Housing
    • NCDC
    • NFCL
    • IFFCO
    • KRIBHCO
    • Fishcofed
  • Banks
  • Dairy
  • Fertilizer
    • IFFCO
    • KRIBHCO
  • NCUI
  • Cooperator
  • ICA
  • Laws/Legislations
  • States
  • Privacy Policy
  • About
  • Advertise
  • Contact Us
  • Submit Your Success Story

© 2018.