DC: FIR Lodge in Co-op Loan Scam: The Tribune India

Our correspondent

UNA, SEPTEMBER 24

A delegation of members of the Ispur Agriculture Service Society in Haroli today met with DC Sandeep Kumar and complained about large-scale irregularities in the company.

Una DC Sandeep Kumar summoned Deputy Registrar Una of Cooperative Societies Rattan Bedi and ordered him to file an FIR and attach the properties of major lenders.

Dr Suraj Pathak, a local resident who was part of the delegation, distributed copies of the complaint to mediapersons, that the company’s 2018-2019 audit report revealed the irregularities. The company, which has deposits of Rs 22 crore, had advanced loans of around Rs 17 crore and now has no money left to pay back investors.

According to the complaint, one of the main irregularities was that company secretary Shyam Kumar disbursed loans of Rs 8.68 crore to 10 company members, including himself, his father Tilak Raj, his wife Kavita. and his nephew Aman Kumar. Together the four had been advanced Rs 3.4 crore loans. Two other people, Anoop Kumar and Joginder Pal, had received 80 lakh of Rs and 60 lakh of Rs, although they claimed to have taken no loans.

The complaint also mentions that the secretary and his father are partners in the “Sombhadra distilleries” being created in Ispur. The funds were embezzled for the establishment of the unit.

Bedi said an individual cannot receive more than Rs 10 lakh. The property of Shyam Kumar has been tied and the process of pegging the properties of major borrowers will soon be started.

The DC is also committed to raising the issue of the distillery with the regulatory services and the bank to ensure the credibility of the documents submitted by the firm.


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