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Time of India

Co-op bank will be investigated: MP

Kolhapur: BJP MP Medha Kulkarni on Saturday assured depositors of Karad-based Yashwant Cooperative Bank that an probe would be made into the financial conduct of the bank. Kulkarni was in Karad where he met depositors complaining about the mismanagement in the bank. They stated that they were facing difficulties in accessing their money and obtaining loans."I have come across cases that show dire irregularities occurred in the bank since 2017. One of the depositors was falsely made a guarantor in a loan application. The funds were disbursed to someone else, and the documents were forged to disburse the loans. I recently met Union home minister Amit Shah and sought a CBI enquiry into it," said Kulkarni. Depositors allege the-then chairman of the bank, who is also a BJP leader, is the ringleader of the scam, worth Rs150 crore. tnnKolhapur: BJP MP Medha Kulkarni on Saturday assured depositors of Karad-based Yashwant Cooperative Bank that an probe would be made into the financial conduct of the bank. Kulkarni was in Karad where he met depositors complaining about the mismanagement in the bank. They stated that they were facing difficulties in accessing their money and obtaining loans."I have come across cases that show dire irregularities occurred in the bank since 2017. One of the depositors was falsely made a guarantor in a loan application. The funds were disbursed to someone else, and the documents were forged to disburse the loans. I recently met Union home minister Amit Shah and sought a CBI enquiry into it," said Kulkarni. Depositors allege the-then chairman of the bank, who is also a BJP leader, is the ringleader of the scam, worth Rs150 crore. tnn