Allegation against financial irregularities and misappropriation of Central fund meant for farmers in Odisha Cooperative Bank

To,

Sri Narendra Damodardas  Modi

Hon’ble Prime Minister

New Delhi

Sub: Allegation against financial irregularities and misappropriation of Central fund meant  for farmers  in Orissa State Cooperative Bank under protection of Senior officials of NABARD.

Respected Sir,

I, Sri Pradip Pradhan, RTI Activist and State  Convener , Odisha Soochana Adhikar Abhijan bring  to notice of your office   the  following matter seeking  urgent  intervention  and necessary  action.

That, in the statutory inspection of Orissa State Cooperative Bank conducted by NABARD u/s 35 (6) of Banking Regulation Act, 1949 basing on the financial position as on 31.3.2018, instances of massive financial irregularities and misgovernance including fraudulent claim of Rs 650.00 Crore from Government of India and Government of Odisha towards excess cost-cum-interest subvention on crop loan financing in irregular manner during  the period from 2012-13 to 2016-17 had been detected. We have already obtained copy of the inspection report and notes for departmental action sent to Registrar of Cooperative Societies, Odisha under RTI. When Reserve Bank of India has become very strict in inspection and supervision of Banks, it is very surprising that instead of taking deterrent action on the inspection findings of OSCB, the top most authorities of NABARD are trying to dilute the inspection report by editing/removing/deleting the factual observations recorded in the inspection report pertaining to the gross financial, operational and governance irregularities committed in Orissa State Cooperative Bank Ltd to shield the culprits.

In response to previous complaint of Sri Ashok Nanda in CPGRAM bearing registration No. DEABD/E/2018/07776 regarding huge financial irregularities in Orissa State Cooperative Bank under protection of Senior officials of NABARD, it had been advised that in the next statutory inspection of Orissa State Cooperative Bank (OSCB) the alleged irregularities will be examined and accordingly in the statutory Inspection report of Odisha State Cooperative Bank conducted by NABARD basing on it's financial position as on 31.3.2018, fraudulent financial transactions and embezzlement of public funds had been established against Sri Tusharkanti Panda Ex-Managing Director of OSCB and Sri Bishnupada Sethy, IAS , the then Management-in-Charge of OSCB ( 2013-14 to 2015-16) , presently working  as State Relief  Commissioner. . We are enclosing herewith a copy of the notes for departmental action sent to Registrar of Cooperative Societies, Odisha by the DGM (DOS) NABARD-cum-PIO on the major findings of the statutory inspection report of Orissa State Cooperative Bank Ltd conducted by NABARD u/s 35 (6) of B.R.Act (AACS), 1949 based on financial position as on 31.3.2018 (obtained under RTI) is enclosed herewith for your kind perusal and necessary action at your end.

But we understand the TOP most authorities of NABARD being gained over by Sri Panda and  Sri Sethy and other vested interest have issued instructions to delete the objectionable observations from statutory inspection report already issued in April' 2019 during scrutiny of the same in NABARD Head Office to protect the scamster. We also fail to understand under what circumstances modification of the inspection report of OSCB by dropping the objectionable observations was warranted and if the observations of the PIO in the Inspection Report were found to be false, materially incorrect and not supported by evidence, then why stringent action was not initiated against him?

We would therefore request your office  to kindly look into  the matter take appropriate action against the concerned officials of NABARD those who have manipulated the statutory inspection report of Orissa State Cooperative Bank submitted by the PIO for ulterior motive and issue suitable directives for taking punitive action on the findings of the statutory inspection report of OSCB. The matter may also kindly be referred to CBI and State vigilance/EOW for thorough investigation and necessary follow up action.

Thanking  you

Yours  sincerely

Pradip Pradhan

M-9936843482

Plot  No.-D-27, Maitree  Vihar

Post-Rail Vihar, Bhubaneswar-751023, Odisha

Email- pradippradhan63@gmail.com

Date- 1.7.19