Cooperation Dept. orders probe into affairs of three cooperative societies in Tirthahalli
The Department of Cooperation has initiated investigations into three cooperative societies in Tirthahalli due to allegations of financial misconduct. The inquiries were prompted by complaints regarding the acceptance of blank cheques and signatures on blank documents from loan applicants. Separate inquiry officers have been appointed for each society, with reports expected within three months.
- ▪The Department of Cooperation is investigating three cooperative societies in Tirthahalli for financial irregularities.
- ▪Allegations include accepting blank cheques and compelling loan applicants to sign blank documents.
- ▪The inquiries were ordered following complaints from shareholders and directives from the Chief Minister's office.
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The Department of Cooperation has ordered inquiries into three cooperative societies based in Tirthahalli under Section 64 of the Karnataka Cooperative Societies Act, 1959, following allegations of financial irregularities. The allegations include accepting blank cheques from loan applicants and compelling them to sign blank stamp papers — documents that were allegedly misused at a later stage.The three societies under scrutiny are the Sharavathi Credit Cooperative Society, the Samruddhi Horticulture Produce and Sale Cooperative Society, and the Sahyadri Multi-Purpose Arecanut Growers Marketing Cooperative Society.
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