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