the goan I network
PANAJI
Chief Minister Pramod Sawant on Tuesday has assured for a thorough inquiry into the scam in Visionaries Urban Co-operative Credit Society followed by action. He said amendment in Co-operative Act will be brought in to make law strong to have provisions to act on fraudsters.
“We don’t have power under the present co-operative act. The fraudsters are getting scot-free,” Chief Minister
admitted.
He said that the problem with the Visionaries Urban Co-operative Credit Society is from 2008 and appealed that people have to become aware of the issue.
Benaulim MLA Churchill Alemao and Curtorim MLA Aleixo Reginaldo Lourenco through a calling attention raised the issue of over Rs 39 crore fraud in the Visionaries Urban Co-operative Society.
Reginaldo pointed out that the Co-operative Societies board of directors failed to conduct internal audit of 2017-18.
Opposition Leader Digambar Kamat pointed out that there are 2 managers and 14 clerks in the credit society and there is no control over the society.
The Co-operative Minister Govind Gaude informed that the passport of the administration has been seized and a chartered accountant and auditor has been appointed to conduct the audit of the co-operative society and the audit report is expected in 20 days time. Based on the findings action will be taken,
he assured.
MLA Reginaldo pointed out malfunctioning in many co-operative societies. “There are many banks which are in loss. Bring amendment to save co-operative societies. Otherwise 10,000 employees will go jobless,” he said.
