There are twelve cooperative societies which are illegally operating in Uttarakhand. These societies are collecting money from the common people in the state in blatant violation of the norms. In wake of series of bank related frauds the state administration has now started to act tough against these societies which are not mandated by the Reserve Bank of India (RBI) to operate and collect money from general public. FIRs against these fake and illegal societies would now be lodged and their operators would be arrested.
The addresses of these societies were found incorrect in an enquiry held by Registrar of cooperative societies.
The disclosure about these cooperative societies was made during a state level coordination committee meeting of RBI on Wednesday.
Addressing the meeting the Chief Secretary Utpal Kumar Singh said that Economic Offences Wing would work under Special Task Force (STF) with an aim to solve economic offences across the State. He added that FIRs would be lodged against fake banking companies in the state. The CS informed that necessary steps would be taken to amend Uttarakhand Protection of Interests of Depositors Act (PID Act).It was told during the meeting that RBI would hold an awareness campaign on PID Act in the state. In the meeting it was also decided that the High Court would be requested appoint a special session judge with an aim to deal with economic offences within the state.
The meeting was attended by Principal Secretary (Finance), Radha Raturi, Principal Secretary (Home) Anand Vardhan, RBI Regional Director Subart Das, Deputy General Manager (RBI) Tarika Singh, ADG Ashok Kumar and SSP (STF) Ridhim Aggarwal.