While the Yogi govt has given an undertaking to the agitating employees of UP Power Corporation Limited when their PF fund got stuck in the beleaguered DHFL, there was not a word for co-op bank employees who are sailing in the same boat.
It bears recall that UP Cooperative Rural Development Bank, the employees trust of UP Cooperative Bank, the apex cooperative bank of the state managing the provident fund of the employees, has been found to have invested Rs 21 crore in the scam-tainted non-banking finance company Deewan Housing Finance Limited (DHFL).
The power sector employees trust had invested Rs 4,122 crore in DHFL for which now the CM has given a written undertaking. But no such luck for members of co-operative, underlining once again the step-brotherly treatment to the cooperative sector.
“UP Cooperative Rural Development Bank Employees’ PF Trust invested Rs 21 crore in DHFL during 2016 and 2017, and the entire corpus is outstanding. The investment was made when the company enjoyed the best ratings by the rating companies”, reports the daily Pioneer.
