Complaint on Scam,
Fraud, Forgery  and Financial
Irregularities  worth Rs. 600 crore of OSCB
filed in Odisha Likayukta
Bhubaneswar: 9.7.19, a Team of
RTI Activists  filed  complaint 
case  in Odisha Lokayukta  seeking an urgent inquiry into  multi-crore 
Scam,   financial  irregularities,  fraud 
and forgery  in Odisha State  Cooperative 
Bank  and demanded stringent  action against   Sri 
Bishnupada Sethy, IAS,  the then
Management-in-Charge, OSCB  and Mr.
Tusarkanti Panda, former Managing Director, OSCB  and 
other officials  who have
masterminded  these scams. 
Since 2015, RTI Activists have
been exposing corruption, fraud and forgery in Odisha state Cooperative
Bank   by filling multiple RTI
Applications   to different offices.  Earlier series  of 
complaints  have been filed  to different 
authorities  including office of
Chief Minister  and  State 
Vigilance  to enquire  into the matter.  In 2017, Dr. Damodar Rout, the then  Minister for Cooperation, Govt. of
Odisha  had  written letter  to  
SP, Vigilance  and Chief
Minister  seeking  an inquiry 
into  irregularities  in OSCB. But office of Chief Minister sat
over the file for years together to suppress it. 
As Odisha Lokayukta is the   top autonomous and independent anti-corruption
agency in the state empowered to enquire into all cases of corruption, RTI Activists
Pradip Pradhan, Mrs. Sanjukta Panigrahi and Sudhir Mohanty filed complaint on
9.7.19  seeking an inquiry into it. 
Odisha State Cooperative Bank
(OSCB) is the only wing of Government of Odisha engaged in crop loan financing
for boosting agricultural production. With a network of 17 DCCBs and around
2700 PACS and LAMPCS it serves 50 lakhs small and marginal farmers including 20
lakhs small rural depositors. It is also engaged in paddy procurement from
small farmers at MSP on behalf of OSCSC. It is a State partnered scheduled Bank
set up /registered under the Orissa Cooperative societies Act, 1962 baring
Regd.No. 29/CU dt. 2.4.1948 with State Govt. share capital contribution of more
than Rs 104 Crore.  It’s main object is
to cater the credit requirement of the farmers, artisans and agrarian
communities in the rural sector. The total share capital of the Bank exceeds
Rs.400 crore and its total deposit would be around Rs.8000 crore. Though OSCB
operates its Banking activity as per provisions of Banking Regulation act and
RBI guidelines it is strictly amenable to the provisions of OCS Act,1962, OCS
Rules, 1965 and Bye laws of OSCB in regards to appointment, qualification,
remuneration and service conditions of employees. 
RTI Activists drew  attention 
of Odisha Lokayukta  about  number 
of  financial irregularities  like  illegal payments  of lakhs 
of rupees  to Sri Bishnupada
Sethy, the then Management-in-Charge, 
illegal extension of service of Tusarkanti Panda, former MD, illegal
engagement  of VSoft Company for CBS
softwire by  flouting tender process
causing huge financial loss  to
Bank,  taking arbitrary  decision to purchase Computer for PACS (
Primary Agriculture Cooperative Societies), illegal sanction of Rs. 36  crores to Bijayanand Cooperative Sugar mill,
Bolangir,  regular foreign travels of MD
and other officials  without sanction of
the authority,  arbitrary  decision 
for  purchase of Mobile Banking
Van worth Rs.  6 crores, illegal interest
subvention claim through forgery  of
documents from Govt. of India and Govt. of Odisha   worth Rs. 500 crore , arbitrary selection
of  Madras Printers  for printing of RuPay card  for 
farmers  etc. 
Earlier, Sri Srikant Pakal, RTI
Activist had  filed complaint  in Lokayukta 
seeking inquiry into scam of Sri Bishnupada Sethy during his tenure of
Management-in-Charge of OSCB.
Pradip Pradhan 
M-9937843482 
Date-7.9.19 
 
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