Coop bank law: Show- cause no­tices sent to 44 politi­cians

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - HT NAVI MUMBAI - Ke­taki Ghoge ke­taki.ghoge@hin­dus­tan­

MUM­BAI: In a move that could set off a long- drawn political and le­gal bat­tle, 44 politi­cians, in­clud­ing NCP heavy­weight Ajit Pawar, have got show-cause no­tices ask­ing why they should not be barred from con­test­ing elec­tions to co­op­er­a­tive banks in the state.

The no­tices have been is­sued days af­ter the state govern­ment amended t he Maharashtra Co-op­er­a­tives Act, 1966, to bar di­rec­tors from con­test­ing any co­op­er­a­tive bank elec­tions for 10 years from the date their boards were dis­solved for fi­nan­cial ir­reg­u­lar­i­ties.

That the clause will have ret­ro­spec­tive ef­fect from 2006 is the main stick­ing point. For, the Congress and the NCP have tra­di­tion­ally been con­trol­ling th­ese in­sti­tu­tions and this will ef­fec­tively pre­vent many of their lead­ers from con­test­ing again. Many may also have to re­sign their di­rec­tor­ships of other co­op­er­a­tive banks.

Among oth­ers, the show- cause no­tices have been sent to Vi­jay Sinh Mo­hite-Patil and Hasan Musharif of the NCP and the Congress’s Satej Patil, Mad­hukar Cha­van, and Dilip Desh­mukh.

Th­ese lead­ers and Ajit Pawar were di­rec­tors on the Maharashtra State Co-op­er­a­tive Bank at var­i­ous stages be­fore it was dis­solved on Re­serve Bank of In­dia or­ders for be­ing in the red. The no­tices have also gone to di­rec­tors of other dis­solved banks, in­clud­ing from Kol­ha­pur, Nasik, San­gli.

Some of th­ese lead­ers have al­ready moved court against the govern­ment ac­tion.


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