According to official sources, in response to a direction from the central govt., the Odisha govt. has decided to enquire into illegal money transactions and other shady businesses allegedly being carried out by several multi-state cooperative bodies in various places in the country.
The cooperative organisations being probed include Artha Tatwa Group, SLB, Specimen, Swastik India, Sai Kishore, Vista Credit, Mideast, Sri Gayatri, Sunraj, Microfinance, Evos, Rajiv Gandhi Memorial Multi-state, Green India, Utkal Multi-state and Jansahyog Sahkari Credit Society.
Odisha cooperation minister B.K Arukh has said a thorough investigation into financial transactions and other activities of these bodies would soon be undertaken by several teams comprising professional experts.
There are allegations that a large number of unsuspecting investors have been cheated of their substantial funds by these organisations , the minister noted.
