Madhya Pradesh: Four ex-CEOs among 10 employees of Shivpuri district cooperative bank suspended

Madhya Pradesh: Four ex-CEOs among 10 employees of Shivpuri district cooperative bank suspended

The suspended persons include four officials who had served as chief executive officer (CEOs), a bank manager and other staffers.

Staff ReporterUpdated: Tuesday, September 28, 2021, 11:27 PM IST
article-image
Representative pic |

BHOPAL: Cooperative and public service management minister Arvind Singh Bhadoria on Tuesday ordered suspension of 10 officials and staffers of Shivpuri district cooperative bank for their alleged involvement in financial irregularity, said an official.

The suspended persons include four officials who earlier served as chief executive officer (CEOs), a bank manager and other staffers.

Minister informed the media that he had got a complaint in which it was stated that in Cooperative bank Shivpuri officials and others had siphoned off the government money.

A 13 member committee was formed to investigate the case and it was instructed to submit the report in one month's time.

The committee submitted the report recently and on the basis of the report the then four chief executive officers including AS Kushwaha, DK Sagar, YK Singh Lata Krishnan have been placed under suspension. The other officers who have been suspended include the former bank managers, accountants and clerks.  Their properties were seized and the suspended officials have been attached to various districts till further orders.

RECENT STORIES

Bhopal: Women Open Nashta Corners To Make Ends Meet In City

Bhopal: Women Open Nashta Corners To Make Ends Meet In City

MP Lok Sabha Elections: 2nd Phase Also Registers Low Voting Percentage

MP Lok Sabha Elections: 2nd Phase Also Registers Low Voting Percentage

Bhopal: Applications For Class 12 Supplementary Exams From May 1

Bhopal: Applications For Class 12 Supplementary Exams From May 1

Bhopal: Traffic Chaos On RRL Trisection-Misrod Stretch Post BRTS Demolition

Bhopal: Traffic Chaos On RRL Trisection-Misrod Stretch Post BRTS Demolition

Lok Sabha Elections 2024: Congress Spokesperson Supriya Shrinate Attacks Modi Over 'Managalsutra'...

Lok Sabha Elections 2024: Congress Spokesperson Supriya Shrinate Attacks Modi Over 'Managalsutra'...