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Home Co-op News Snippets

Assam Cooperative Apex Bank in news

Staff Reporter by Staff Reporter
March 26, 2025
in Co-op News Snippets
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Assam Cooperative Apex Bank in news
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Jatiya Yuva Sakti, the youth wing of Assam Jatiya Parishad (AJP), staged a dharna at Panbazar, Guwahati, protesting alleged financial mismanagement in Assam Cooperative Apex Bank Ltd.

The protestors accused Chairman Biswajit Phukan and MD Dombaru Saikia of corruption, citing inflated contracts and IT security lapses. Despite a government-ordered inquiry, activists demand stricter action.

Allegations include a Rs 14 crore payment to KPMG under dubious circumstances. Leaders warn of larger agitations if accountability isn’t ensured. With mounting political pressure, the state’s response remains crucial for restoring public trust in the institution.

Tags: AJPAssamBreakingcooperativeKPMG
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