Cooperative sector needs regulatory mechanism: Goyal

| | New Delhi
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Cooperative sector needs regulatory mechanism: Goyal

Monday, 14 October 2019 | PTI | New Delhi

Leaders of cooperative sector should think of a self regulatory mechanism to strengthen it and prevent recurrence of scams like Punjab and Maharashtra Cooperative Bank case, Commerce and Industry Minister Piyush Goyal said on Sunday.

He said that whistleblowers should come forward wherever such things are happening, as several people must have been involved in such a scam.

“I do not think that such a scam can happen without involvement of hundreds of people. Several accounts must have been opened, funds must have been diverted. Branches and some employees must have been involved in this,” Goyal said.

It would not be possible for the government to look at every institution and issues, the minister said here at India International Cooperative Trade Fair.

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