Ishtiyaq Ahmad
Early Times Report
Srinagar, Oct 24: His involvement in a major embezzlement in a Cooperative Department notwithstanding, the MD Central Cooperative Bank continues to hold office.
Bashir Ahmad Lone, MD, Central Cooperative Bank Baramulla and other employees of other branches have embezzled over 11 crores meant for the debt relief and assistance for revival of weak banks.
The documents of inquiry and other embezzlement statement in possession of Early Times reveal that Lone, in league with other bank employees, created fictitious accounts to withdraw the money.
Following complaints, the government under Order No. 25-B&F of 2015, dated 23/07/2015 ordered enquiry by forming a two-member committee of Showkat Hussain, deputy registrar cooperative societies, Kupwara, and MA Yatoo, In charge deputy registrar, Anantnag.
The order which was signed by registrar Cooperative Societies Basharat Saleem had asked the team to furnish the report within ten days.
However, due to his engagement, Hussain was dropped from the team under Order No. 26-B&F of 2015, dated 14/08/2015 and Reyaz Ahmad, joint registrar cooperatives societies, was appointed in his place to complete the enquiry within 12 days.
Later, the department received more complaints of misuse and embezzlement from five branches of the bank, including Magam, Palhalan, Kupwara, Trehgam, and Tangmarg, which forced the department to enquire it through crime branch.
Consequently, the department under Order No. RCS/B&F/BCCB-20 371-77 requested the Inspector General, Crime Branch, and Kashmir, to conduct thorough inquiry into the embezzlement.
Minister for State Cooperatives Chering Dorjey also remarked that the officials alleged of embezzlement and misuses were trying to scuttle the inquiry.
"Under the garb of by-laws of the bank, the Managing Director Central Cooperatives Bank, Bashir Ahmad Lone, is trying to scuttle any enquiry which is ordered by the department," Dorjey has said.
"The best course, therefore, would be to refer all the cases of embezzlement to the Crime Branch and ask them to conduct thorough enquiry in shortest possible time and take appropriate steps as warranted by the law," the minister has said. |
