‘Govt. not opposed to probe against co-op. bank’
The Hindu
The State government is not against setting up of an expert committee to probe the financial irregularities in Sri Guru Raghavendra Cooperative Bank, which has affected over 40,000 depositors, Coopera
The State government is not against setting up of an expert committee to probe the financial irregularities in Sri Guru Raghavendra Cooperative Bank, which has affected over 40,000 depositors, Cooperation Minister S.T. Somashekhar said on Tuesday.
Responding on the issue in the Legislative Council, he said the government had to discuss with the RBI on setting up of the committee. He said multiple inquiries were currently on and ₹192 crore had been recovered while ₹871 crore was estimated to be the losses.
“Cases have been filed against employees and directors of the bank. The Registrar of Cooperative Society is coordinating with the RBI,” the Minister said.
A crowd comprising farmers, researchers, professors, students, and horticulture enthusiasts thronged the ICAR-Indian Institute of Horticultural Research (IIHR), Hesaraghatta, Bengaluru, on Friday for the inaugural ceremony of the Triphal Diversity Show which showcased 300 mango, 100 jackfruit, and 100 banana genotypes in collaboration with ICAR-National Research Centre for Banana, Tiruchirappalli.
The State government on Friday constituted a Special Investigation Team (SIT), headed by Additional Director-General of Police, Manish Kharbikar of the Economic Offences division of the Criminal Investigation Department (CID) to probe the alleged multi-crore scam in the government-run Maharshi Valmiki Scheduled Tribes Development Corporation.