The Odisha State Cooperative Bank (OSCB) has suffered a loss of Rs 9,75,53,753 due to financial irregularities, funds bungling and loan defrauding committed by staff and others, informed Cooperation Minister Ranendra Pratap Swain the State Assembly on Wednesday.
In response to a question of BJD MLA Soumya Ranjan Patnaik, the Minister informed that 31 employees of the OSCB are involved in the frauds and departmental action and required action as per the Cooperative Act 1962.
Similarly, the total loss suffered by the Central Cooperative Banks due to financial irregularities, funds bungling and loan defrauding stood at Rs 32,49,63,079.60, the Minister informed.
As many as 129 employees are involved in these illegalities. Vigilance cases, departmental actions and punitive actions under the Cooperative Act 1962 have been taken against them.