Thiruvananthapuram ∙ In the past 6 years, government documents have revealed irregularities in 399 co-operative societies. Last year, Minister VN Vasavan had stated in his reply in the Legislative Assembly that he had found irregularities such as giving loans out of order, giving loans with fake fixed deposit receipts, irregularities in appointment, irregularities in gold loans, irregular auctioning of immovable property and causing losses to the institution. The minister had also given a list of institutions where irregularities had occurred, including Karuvannur Bank.
Irregularities such as lending on property outside the bank’s operational limits, using public funds without permission, misappropriating government funding, over-lending and illegal loan concessions were also found. An investigation into the irregularities is underway.
∙ Institutions where irregularities were found
Thiruvananthapuram-49, Kollam-42, Pathanamthitta-9, Alappuzha-11, Kottayam-46, Idukki-14, Ernakulam-33, Thrissur-66, Palakkad-3, Malappuram-55, Kozhikode-11, Wayanad-18, Kannur- 24, Kasaragod-18.
English Summary: Government documents revealed that irregularities found in 399 co-operative societies within 6 years
2023-09-28 11:32:34
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