Nair threatens Police action against Kushalkar, Bajaj & MD

V V P Nair has readied a Police complaint against the top management of National Labour Cooperative Federation of India Limited (NLCF). A copy of the said Police complaint is circulating in the cooperative corridor.

Indian Cooperative has no idea if the complaint has been lodged or is merely a black-mailing tactic. A copy of the same with Indian Cooperative has no police stamping or any official seal. The three persons against whom the Complaint has been lodged are Sanjeev Kushalkar (former Chairman, NLCF), Amit Bajaj (present Vice-Chairman, NLCF) and Managing Director, Smt. Pratibha Ahuja

The complaint is addressed to SHO Sarita Vihar Police Station, Commissioner of Police Jai Singh Road, Deputy Commissioner of Police, and Joint Commissioner of Police EoW.

The Complaint reads “The undersigned being one of the Directors of the NLCF is duty bound to report misappropriation of the government funds in the NLCF whereby a huge amount has been siphoned off by the former Chairman of NLCF, Mr Sanjeev Kushalkar and the present Vice-Chairman, Mr. Amit Bajaj in collusion with the Managing Director of the NLCF.”

“Further, the share capital/ equity raised by the NLCF while issuing shares and granting membership to ‘member societies, federations, government shares, NCDC shares, loans etc, has been withdrawn, exhausted and spent by the aforesaid persons and no money is left in the bank accounts of the NLCF. The amount which has been exhausted by the said persons is in excess of Rupees One Crore (Rs. 1,00,00,000/-)”, reads the Complaint.

Nair claims in his complaint that he investigated the matter by scrutinizing NLCF records and it was established that NLCF had misappropriated, siphoned and exhausted the paid share capital raised by it while issuing share certificates to various Primary Labour and Forest Cooperative Societies, District & State Federations, Government Shares, NCDC Shares which ran into excess of Rupees One Crore (Rs. 1,00,00,000/-).

He also accused misappropriation of funds in respect of the Employee’s CPF amount, repaid loans of employees and employee’s gratuity. “It was revealed that the government grants received by NLCF in the last four years which was for the purposes of conducting various training programs was diverted and spent on other entities/ NGOs which were neither member societies of NLCF, nor affiliates”, charges Nair in his complaint.

“Therefore, the undersigned in the capacity of a Board Member of NLCF, requests your good office to take cognizance of the matter and register an FIR and investigate further and prosecute the above mentioned persons and others for their criminal acts”, concludes the Complaint.