MONDAY, 31 AUGUST 2026

SCM wants CO to recover all dues from sopo contractor

MARGAO

The Shadow Council of Margao has demanded that the newly-appointed Chief Officer of the Margao Municipal Council recover all the outstanding dues from the sopo contractor, along with penalties for the delayed payments

SCM charged that the council has resorted to a mischievous fraud, with a planned intent to defraud the municipal treasury and cause revenue loss to the public exchequer. Citing that even though the sopo contractor was heavily in default of paying the dues as per the agreement signed by the council, a resolution dated March 24, 2022, was passed, approving the Rs 32 lakh waiver.

SCM convener Savio Coutinho stated that as of March 24, 2022, the day when the council approved the huge waiver, the sopo contractor had paid only five instalments out of the 12 monthly instalments payable.

He further said that the sopo contractor did not fulfil the condition as per clause No 3 of the agreement.

Coutinho stated that the council is deliberately causing a delay in furnishing RTI information pertaining to the sopo issue.

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As payments stop, anxious depositors descend on office of investment co

THE GOAN NETWORK
Published May 27, 2022, 12:22 AM IST
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MARGAOAnxious depositors descended on the office of an investment company in the commercial capital on Thursday after reports spread that the company has stopped paying the interest.A couple of investors also made their presence felt at the Margao police station in the evening to brief the police about the investment company. They, however, decided to lodge the formal complaint after discussing the issue with other investors.An investor told the media outside the Margao…

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