The Registrar of Cooperative Societies has referred several thrift and credit cooperatives to the Economic Offences Wing over alleged embezzlement and non-payment of fixed deposits.
Management committees of three societies have been suspended. Authorities cited failure to conduct audits and elections as key violations.
All societies have been directed to submit financial audits, loan records, and asset details within seven days. Officials plan to implement quarterly reporting to strengthen oversight.
The move aims to ensure compliance with the Delhi Cooperative Societies Act and protect members’ interests.
