2 weeks ago
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A conception of shareholders of 3 Tirthahalli-based cooperative societies, presently nether government-ordered inquiry, has thanked Chief Minister Siddaramaiah and the State authorities for heeding their complaints and ordering an probe into the alleged irregularities.
Speaking astatine a property league present connected Monday, shareholders Annapurna Javali, Kaneena Kadidal, Devendra Keerthi and others welcomed the government’s determination and expressed anticipation that the enquiry would bring the information to light.
The State authorities precocious ordered inquiries into alleged fiscal irregularities successful 3 societies- the Sharavathi Credit Cooperative Society, the Samruddhi Horticulture Produce and Sale Cooperative Society, and the Sahyadri Multi-Purpose Arecanut Growers Marketing Cooperative Society- appointing a abstracted enquiry serviceman for each.
The enactment follows complaints from shareholders alleging that the societies had accepted blank cheques from indebtedness applicants and compelled them to motion blank stamp papers, documents that were allegedly misused astatine a aboriginal stage.
Mr. Kadidal, a shareholder, stated that helium was forced to handover blank cheques and to motion blank stamp papers astatine the clip of taking loan.
“I admit I should not person fixed blank cheques oregon signed blank stamp papers. But without doing so, I would not person got the loan. Many others similar maine were successful the aforesaid presumption and suffered greatly arsenic a result,” helium said. He pointed retired that cooperative societies are prohibited from demanding specified documents nether existing norms and added that the shareholders had brought the substance to the State government’s attraction and demanded a ceremonial inquiry.
