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Home Co-op News Snippets

Odisha: PACS ex-secretary in net

Amit Awana by Amit Awana
August 26, 2019
in Co-op News Snippets
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Balagram Service Co-op Bank in news
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A former secretary of PACS in Jagatsinghpur, Odisha in cahoots with a former cooperative functionary allegedly swindled Rs 2 crore allocated for crop loans. Those who had never availed any loans found their names in the list of beneficiaries, reports New Indian Express.

The accused had stolen the amount without any record.

A source says the PACS has 116 joint liability groups of women.

The district administration has sought the intervention of higher authorities of coop dept to hold a vigilance inquiry to reveal the fraud.

Tags: loansOdisha Cooperativewomen
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