Amidst irregularities in election, Uddhav’s Maharashtra Government has superseded the board of Beed District Cooperative bank and appointed the administrator to regulate the bank activities.
The government has appointed 5 members to the administrative board. The Aurangabad Division Additional Commissioner Avinash Pathak has been appointed as the Chairman of the administrative board.
MSC Bank former MD Pramod Karnad, Pune People’s Co-operative Bank Chairman and Chartered Accountant Janardan Ranadive, Assistant Registrar Ashok Kadam and Adv Ashok Kawade have been appointed as the members of the administrative board.
The election of 19 directors on the board of the bank took place recently. 11 members were disqualified. No adequate quorum and hence the State Government appointed the administrative board for day to day management.