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Home Banks

Cooperative bank thick in scam

vaibhav by vaibhav
February 24, 2010
in Banks, Featured
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Anup pur(Madhya  Pradesh)

In the central cooperative bank of Anup Pur in MP,  a scam  to the tune of 1.10 crores have come to light thereby shaking the entire cooperative structure of the town.Administration has initiated the proceeding to bring the culprits to book but the process does not look to be transparent and honest.About 110 persons have been sent notices  in which many are not even alive today.In the audit of the cooperative bank  it was found out that about 110 accused have siphoned off 1 crore and ten lakh. The district administration has sent them notice to refund the money. Some of those who have deposited the money say that the there is  no account of them in the bank. One Shilendra Mishra has received the notice who is already dead five years ago. The notice talks of acquirng land and properties in case money is not returned.

The entire episode is conneted to public distribution system. Accused got grains with the help of bank and sold them without returning the money to bank. It is not so that cooperative bank was not aware of it but the bank kept quite . It was the during  audit that skeltons began  to fell from the cupboard.Obviously some persons of the  cooperative bank are in hand in glove with the accused.

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