During the 19-year tenure of the Naveen Patnaik Government, the Odisha State Cooperative Bank (OSCB) managing authorities have looted crores of rupees. There should be Vigilance as well as CBI probes into the scam and the guilty should be punished stringently, demanded the State BJP’s Cooperative Cell here on Wednesday.
The BJP Cooperative Cell on the day held a demonstration before the State Cooperative Bank protesting against the irregularities committed in loan disbursal, management and the mega scam alleged to be of Rs 800 crore.
The State Cooperative Bank which does a business of nearly Rs 15,000 crore and on which lakhs of farmers and businessmen, the BJD Government is trying to loot the bank, alleged the speakers.
Instead of appointing an experienced and efficient Managing Director of the important financial institution, the State Government appointed an inexperienced, corrupt official like Tushar Kanti Panda as Managing Director for a long period and even after his superannuation he was reappointed twice.
This has exposed the State Government mask of corruption, said the BJP.