Delhi Nagarik Sahkari Bank refuses to fade out of media headlines. Now it is in news for suspending its Chief Executive Officer Upendra Garg for gross misconduct for which a Delhi Assembly panel earlier blamed two IAS officials.
Soon after the recent election of the new management board of Delhi Nagarik Sahkari Bank, its chairman Dinesh Kumar has dashed off a suspension letter to Chief Executive Officer Upendra Garg and Additional Chief Executive Officer Narendra Singh of the bank in the light of several complaints lodged against them.
Talking to this correspondent several members of the bank said suspension of the CEO and his associate is a cover up as the two did not support the former Chairman Jai Bhagwan in his wrong-doings during 2011-14; they are in fact paying the price of being honest, they added. It bears recall that Bhagwan is the father of the current Chairman Dinesh Kumar.
Talking to this correspondent on the phone, Dinesh Kumar said “Yes, we have issued a suspension letter after
“The suspended Bank CEO Upendra Garg was mainly responsible for the burgeoning NPA of the bank. While in former days the NPA of the bank was about 8 percent, as of now it hovers around a 35 percent. We will soon set-up an inquiry committee to go into this matter”, claimed Dinesh Kumar.
Dinesh, however, denied all charges of graft being leveled against his father Jai Bhagwan. “The allegations were baseless, derogatory and calumnious and were being leveled to tarnish his image in the public”, he said.
Indian Cooperative, however, failed to elicit any response from Chief Executive Officer Upendra Garg.
It bears recall that recently the Delhi Legislative Assembly Committee has recommended ‘criminal proceedings’ against two IAS officers including current RCS J B Singh and former RCS Shurbir Singh for their involvement in alleged irregularities in the Bank. The issue had hogged the media headlines.