PONDA: Thirty-eight Members of Goa Dairy complained to RCS, demanding to initiate a probe into the illegal transfer of Rs 8 Crore to Punjab Maharashtra Co-op Bank.
They claimed that the money parked in Punjab Maharashtra Bank halted the development works of Goa Dairy.
38 Chairmans out of around 170 milk-supplying societies attached to Goa Dairy have filed complaints to the Registrar of Cooperative Societies (RCS) demanding to initiate an inquiry of the Directors who had illegally transferred Rs 7.91 Crore Parked in Goa State Cooperative Bank to Punjab Maharashtra Co-op Bank.
They urged to recover all losses with interest from all responsible directors.
The complaint mentions that in 2017-18 Ministry of Animal Husbandry. The government of India had sanctioned Rs 16 Crore under Dairy Scheme, and Goa Dairy received the first instalment of around Rs 8 Crore in 2017. As per terms and conditions, the sanctioned money was parked in Goa State Cooperative Bank and cannot be transferred to other Banks without permission of sanctioning authority.
Further production of utilization certificate was very much essential for releasing the balance amount. However, in the meantime, Rs 8 Crore was transferred from Goa State Cooperative Bank to Punjab Maharashtra Bank by the Directors of Goa Dairy for their vested interest despite knowing the terms and conditions and also without proper Board resolution and also without permission of sanctioning authority.
As per their information, the complainant said that this money is blocked in Punjab Maharashtra Bank, and chances are less to get back.