Odisha

Odisha Govt Dissolves Managing Committees Of 2 Cooperative Bodies Over Irregularities

By
OB Bureau

Bhubaneswar: The Odisha government has dissolved the managing committees of two cooperative bodies in the state following allegations of financial irregularities.

Official sources said that two separate orders were issued for the dissolution of managing committee of the Odisha State Cooperative Bank (OSCB) and Odisha Cooperative Housing Corporation (OCHC).

Notably, the OSCB in Bhubaneswar happens to be an apex cooperative society and a premier cooperative bank in the state.

Following allegations of misappropriation of money by the OSCB president, the matter was investigated. It was found that there was inaction on the part of the managing committee. As the bank was not functioning as per the provisions of the OCS Act, 1961, the committee was placed under suspension with immediate effect, sources said.

During the suspension of the committee, the Commissioner-cum-Secretary of the Cooperation department will manage the affairs of the OSCB until further order.

Similarly, it was alleged that the managing committee of OCHC committed irregularities and failed to function in the interest of the members. Therefore, the OCHC committee was also suspended.

Cooperation department additional secretary has been appointed as the administrator to manage the affairs of the OCHC until further orders, the sources added.

OB Bureau

Recent Posts

IPL Auction: KKR Break Bank For Venkatesh On Lucrative Day For Indian Players; Check Top Buys

Mumbai: The first day of the IPL mega player auction at Jeddah threw up several…

November 24, 2024

Odisha Govt Hands Over Case Of Attack On Dharmasala MLA To Crime Branch

Bhubaneswar: The Odisha government has handed over the investigation into the attack on Dhramasala MLA…

November 24, 2024

Commissionerate Police Issues Traffic Advisory During Winter Session Of Odisha Assembly; Details Here

Bhubaneswar: The Commissionerate of Police on Sunday issued an advisory for movement of vehicular traffic…

November 24, 2024

Elon Musk Proposal: Fire US Federal Employees Who Want To Work From Home

New York: Now that President-elect Donald Trump has tasked Elon Musk with the responsibility of co-heading…

November 24, 2024

Odisha Govt Warns Of Stern Action For Renting Out Its Quarters

Bhubaneswar: The Odisha government has warned its employees of stern action for sub-letting their allotted…

November 24, 2024

AR Rahman Best Man In The World, Certifies Saira Banu; Then Why Their Separation?

Mumbai: There has been a lot of talk over AR Rahman and his wife Saira…

November 24, 2024

Process On To Form NODC In 2-3 Months, Says Odisha CM Mohan Majhi

Sundargarh: The North Odisha Development Council (NODC) would be formed in 2-3 months, said Chief…

November 24, 2024

Odisha DGP Reviews Security Arrangements For President’s Visit To Puri

Puri: Director General of Police (DGP) YB Khurania on Sunday reviewed the security arrangements for…

November 24, 2024