Dept. looking into allegations against SCDCC chairman: Somashekar
The Hindu
The Minister said it is because of fraudulent practices of four cooperative banks that the remaining 256 cooperative banks are also being viewed with suspicion
The Joint Director of Cooperatives is inquiring into allegations of irregularities against the chairman of South Canara District Central Cooperative Bank M.N. Rajendra Kumar. Further steps will be taken after getting replies to the allegations, said Cooperation Minister S.T. Somashekar here on Sunday.
“There is a well laid down procedure for taking action (on allegations against office bearers of Cooperative institutions). We have to get reply. This reply can be accepted or rejected before initiating action,” he told reporters on the sidelines of the inauguration of Aatmashakti Soudha of Aatmashakti Multipurpose Cooperative Society Ltd. at Padil.
During his address in Bharatiya Janata Party’s Janaswaraj Yathre in Udupi and Mangaluru in November last year, Mr. Somashekar said ₹19 lakh was being transferred every month from the SCDCC Bank to Navodaya Grama Vikasa Charitable Trust, of which Mr. Kumar is the Managing Trustee. The Registrar of Cooperative Societies has the power to disqualify him from being a member of the Board under Section 29C of the Karnataka Cooperative Societies Act, the Minister had said. Following this allegation, Mr. Kumar opted out from contesting as an independent candidate in the Legislative Council polls from the local authority constituency of Dakshina Kannada and Udupi.