WB: Anti-fraud cell to check fraud in co-op banks

The Mamata government is coming up with an anti-fraud cell headed by a judicial magistrate to check incidents of fraud at cooperative banks across the state, reports Millennium Post. “An anti-fraud cell will be constituted to prevent incidents of fraud.

During the Left Front regime many cooperative banks were involved in financial irregularities. Our government under the leadership of Chief Minister Mamata Banerjee has been taking various preventive measures in this regard,” state Cooperation minister Arup Roy said in the state assembly on Monday.

Later in a programme to mark the centenary year of cooperative banks, Roy urged the people of the state involved in the cooperative movement to organise a strong protest movement against Financial Resolution and Deposit Insurance (FRDI) Bill which the Centre is gearing up to table.

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