‘NOTICE ISSUED TO OVER 51,000 INVESTORS OF CO-OP SOCIETIES’

Cooperation minister Uday Lal Anjana on Thursday said that 82,809 complaints of irregularities in credit cooperative societies have been received on Raj Sahakar portal.

The process of filing istgasa (court complaint) has been started under the Buds Act-2019 at all 33 district courts.

Anjana said that so far, out of 82,809 complaints, notices have been issued to the investors by the district deputy registrar in 51,042 cases and documents are being taken. 306 istgasa have been filed against the state credit co-operative societies, while the central registrar has not yet given necessary information regarding the 48 multistate credit co-operative societies, including the registration of the societies, correspondence and other necessary information, including the authentic copy of the responsible persons. The central registrar has been informed in this regard. The istgasa will also be filed against these societies on receipt of the desired documents.

He informed that under the chief minister’s budget announcement 2021-22, a vigilance authority is being constituted to protect the investors of multi state credit cooperative societies from fraud in future. The designations of the member officers have been received from the law department and the director general of police, orders for the formation of the authority will be issued soon.

Anjana said that the general public is advised not to fall prey to the lucrative schemes of credit societies and interest rates. “Do not make any deposits and withdrawals from unregistered credit societies and if the investor is a victim of fraud, immediately register your complaint on the Raj Sahakar Portal,” he said.