STATE DISSOLVES NASHIK DIST CEN­TRAL COOP BANK

The Free Press Journal - - MUMBAI/STATE - STAFF REPORTER

The state gov­ern­ment has dis­solved the Nashik Dis­trict Cen­tral Co­op­er­a­tive Bank due to var­i­ous charges against its board of di­rec­tors. Joint Reg­is­trar Milind Bhalerao took up charge as ad­min­is­tra­tor on Satur­day, of­fi­cial sources said on Satur­day. Sim­i­larly, a no­tice has also been sent to Nashik Agri­cul­ture Pro­duce Mar­ket Com­mit­tee (APMC).

The board of di­rec­tors of NDCC Bank have been charged with mis­ap­pro­pri­a­tion in CCTV pur­chase, il­le­gal re­cruit­ment of staff and se­cu­rity per­son­nel. Ear­lier the Co­op­er­a­tives depart­ment had be­gun an in­quiry in the ban's func­tion­ing and sent no­tices to the di­rec­tors.

The di­rec­tors have been charged with il­le­gal re­cruit­ment of 300 staff and pe­ons. The Co­op­er­a­tives Depart­ment had com­pleted the in­quiry and sent the re­port to the Gov­ern­ment rec­om­mend­ing dis­so­lu­tion of the bank.

In a sim­i­lar de­vel­op­ment, the Co­op­er­a­tives Reg­is­trar of­fice has sent a no­tice to Nashik APMC un­der Sec 45 of the Mar­ket Com­mit­tees Act.

Dis­trict Deputy Reg­is­trar (DDR) of Co­op­er­a­tive so­ci­eties Nilkant Kare con­firmed on Satur­day, that he had sent the no­tice.

Ear­lier in 2016, for­mer chair­man of Nashik APMC and Ex MP De­v­i­das Pin­gle had been charged with mis­ap­pro­pri­a­tion of funds and other ir­reg­u­lar­i­ties in­clud­ing si­phon­ing off the Dear­ness Al­lowance amounts of the em­ploy­ees. He was ar­rested by the ACB in 2016 af­ter the of­fi­cials caught 3 per­sons while tak­ing cash Rs 57,73,800 to Pin­gle’s house. They had with­drawn the amount af­ter al­legedly forc­ing em­ploy­ees to sign self-bearer cheques.

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