Maharashtra co-operative banks under scanner for receiving Rs 5000 crore in 4 days

December 15, 2016

Pune, Dec 15: Following Prime Minister Narendra Modi's surprise announcement to outlaw currency notes of higher denomination, the District Central Cooperative (DCC) Banks in Maharashtra collected Rs 5000 crore in old notes from November 10 to 14.

blackmHowever,the RBI subsequently debarred the DCC banks from accepting withdrawn notes.

As most accounts in the cooperative (DCC) banks are of farmers, the NABARD (National Bank for Agriculture and Rural Development) is now monitoring the accounts to check for any cases of "suspicious deposits" or financial mismanagement, reports Times of India.

Maharashtra has 31 DCC banks which are are controlled by local politicians and have been under scanner for financial mismanagement in the past.

"While initially only accounts with more than Rs 2 lakh deposits will be scrutinised, other accounts will come under the scanner too," a senior official of state co-operation department told Times of India.

RBI had allowed the DCC Banks which have over 3800 branches across the state to accept old notes for only four days but even in such a short period these banks received an enormous Rs 5000 crore, according to the daily.

NABARD officials said that the average deposits and transaction history of certain accounts cannot explain the the sudden surge in deposits.

"Even if the account holder has deposited just Rs 1 lakh, if the past transactions and balance history is in a few thousands, how can the deposit be explained?" asked an official.

The Sangli DCC bank had collected approximately Rs 320 crore in old notes.The Pune DCC bank received cash deposits of Rs 600 crore, the daily reported quoting NABARd official.

A DCC bank is also a key institution in that it disburses farm loans. Considering their reach and cash-rich status, politicians have always vied for cont rol of these banks; most DCC banks in Maharashtra are controlled by NCP and Congress politicians.

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Agencies
January 8,2020

Muzaffarpur, Jan 8: There is no evidence of murder of children in Bihar's Muzaffarpur shelter home, the CBI on Wednesday told the Supreme Court.

The probe agency told the apex court that two skeletons were recovered from the home's premises which were later, in forensic investigation, found to be of a woman and a man.

A bench headed by Chief Justice S A Bobde accepted the status report of the CBI and allowed two officers to be relieved from the investigation team.

Attorney General K K Venugopal, appearing for the probe agency, said investigation was done on allegations of rape and sexual assault of children and charge sheets have been filed before the courts concerned.

Venugopal said the children, who were alleged to have been murdered, were later traced and found to be alive.

He said the CBI has investigated cases of 17 shelter homes in Bihar and charge sheets have been filed in 13 of them, while in four cases the preliminary inquiry was conducted and later closed as no evidence of any wrongdoing was found.

The probe agency, in its status report filed on Monday, said no incriminating evidence proving commission of any criminal offence could be gathered in four preliminary enquiries and as such no FIR has been registered.

The CBI had also said the Bihar government has been requested to take departmental action and action of cancellation of registration and blacklisting of concerned NGOs by providing them the result of investigation, i.e., the CBI report.

Several girls were allegedly sexually and physically assaulted at a shelter home run by an NGO in Bihar's Muzaffarpur. The issue had come to light following a report by the Tata Institute of Social Sciences (TISS).

Following the report, a petition was filed in the apex court seeking lodging of an FIR and court-monitored probe by an independent agency into the allegations.

The plea filed by journalist Nivedita Jha through advocate Fauzia Shakil has sought "registration of FIR and independent investigations or court monitored probe into the affairs of these 14 (other) shelter homes in Bihar mentioned in the TISS report".

The apex court had directed the CBI to probe the offences under the Information Technology Act regarding the video recordings of the alleged assault on girls at the shelter home.

It had also directed the agency to investigate the role of "outsiders who were involved and facilitated the sexual assaults on the inmates", after administering them intoxicants and also against those who allegedly indulged in trafficking of girls from the shelter home.

The apex court had earlier directed the CBI to complete its probe into the alleged murder of 11 girls at the shelter home and asked it to file a status report.

The SC had transferred the case from Bihar to a Protection of Children from Sexual Offences (POCSO) court in Saket District Court complex in Delhi.

Earlier, the top court had directed the CBI to conduct a probe into allegations of physical and sexual abuse of inmates in 16 other shelter homes in Bihar which were flagged in the TISS report.

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News Network
January 2,2020

New Delhi, Jan 2: A 20-year-old man set his motorcycle on fire after he was challaned by the traffic police in south Delhi's Greater Kailash area on Wednesday, police said.

Vikas, a resident of Sangam Vihar, was challaned by the traffic police for riding the motorcycle without helmet, a senior police official said.

The traffic police challaned him and impounded the motorcycle, following which Vikas set the bike on fire, the officer said.

A case has been registered and the accused arrested, the officer added.

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News Network
July 20,2020

Kozhikode, Jul 20: A 17-year old boy died of head injuries while trying to protect his mother from being assaulted by his drunk father here, police said on Sunday.

The youngster suffered the fatal injury after his head hit against the door when his father shoved him at their home on Saturday. Venu, had come home in an inebriated state and picked up a quarrel with his wife and started beating her up, they said.

On seeing this, Alan tried to intervene. Though the boy was rushed to the hospital, his life could not be saved, they added. Venu was arrested and a case has been registered.

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