Published On : Mon, Feb 17th, 2014

NDCCB cauldron is full of scams, bankruptcy, political games to settle scores & the victims

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The political games are being played by the Guardian Minister Shivajirao Moghe and the scam-tainted Saoner MLA of Congress Sunil Kedar. The battle is between Maharashtra Government on one side and the NDCCB Directors, office-bearers, ZP and Panchayat Samiti members, Sarpanchs, and farmers on the other side. And the victims are the teaching and non-teaching employees of Nagpur Zilla Parishad.

Nagpur-DisttNagpur News.

The Nagpur District Central Cooperative Bank (NDCCB), in the headlines in the recent past, albeit, for wrong reasons like scams, bankruptcy and utter mismanagement, now, has become a playfield for political games or a battlefield to settle scores. And not to mention the victims of the games and the battles.

The political games are being played by the Guardian Minister Shivajirao Moghe and the scam-tainted Saoner MLA of Congress Sunil Kedar. The battle is between Maharashtra Government on one side and the NDCCB Directors, office-bearers, ZP and Panchayat Samiti members, Sarpanchs, and farmers on the other side. And the victims are the teaching and non-teaching employees of Nagpur Zilla Parishad.

NO SALARIES TO TEACHING, NON-TEACHING STAFFERS OF ZP FOR THE PAST 2 MONTHS:

The teaching and non-teaching staffers of Zilla Parishad have not received their salaries for the past two months as the NDCCB has stalled their salaries. The teachers and other employees have been pushed to the wall and are staring blank with anxiety and concern writ large on their faces. How to run the sweet homes without salaries for the past two months? is the question standing between them and the livelihood.

Moreover, the insensitive reply by the Guardian Minister Shivajirao Moghe to a question over non-payment of salaries made the mockery of humanity. His answer: “Clouds will not burst if salaries of two months are not received,” rubbed the salt to the injuries of the teaching and non-teaching employees of the Zilla Parishad. The Minister did not stop here. Instead, he tried hard to convince others how good the NDCCB is.

NDCCB IN VERY GOOD CONDITION: MOGHE

The Guardian Minister was speaking to media at a press conference held at Ravi Bhavan. When a scribe raised the issue of NDCCB, the Minister stoutly defended the Cooperative Bank. “The financial condition of the Bank is not bad. On the contrary it is very good. It might have been in poor condition after withdrawal of deposits by the depositors. But that phase is over. Now, there is no misunderstanding about the NDCCB. The State Government has recently given a guarantee of Rs 75 crore. There are three Cooperative Banks in Vidarbha that have gone bankrupt but Government is bailing them out. The NDCCB, last year, gave loans to thousands of farmers in Nagpur District. About Rs 237 crore have been recovered. At present, recovery is less but it will pick up 15 days before March 31,” the Guardian Minister said.

“Certainly. A stern action would be taken against the scamsters who indulged in irregularities and put the bank at a loss to the tune of crores of rupees,” Moghe asserted but declined to name Sunil Kedar, the Congress MLA from Saoner who has been found guilty by the Maharashtra Cooperative Department in the scam of sale-purchase of Government Bonds and had been directed to pay around Rs 198 crore to the NDCCB against the loss when he was Chairman of the Bank in 2002 or so.

STATE GOVERNMENT NOT HELPING “BANKRUPT” NDCCB: SUNIL KEDAR:

On the other hand, in Saoner, another political game is being played by the scam-tainted Congress MLA Sunil Kedar. In a meeting held at Saoner Krishi Utpanna Bazaar Samiti, presided over by Kedar, the office-bearers of Congress Committees in the Saoner and Kalmeshwar Assembly areas and workers threatened to quit Congress en mass charging that the State Government has not been helping the “bankrupt” NDCCB financially in order to bail out the Cooperative Bank from the present poor financial condition.

The meeting was attended, apart from office-bearers of Congress Committees, the NDCCB Directors, office-bearers, ZP and Panchayat Samiti members, Sarpanchs, and farmers in large numbers. All demanded assistance to the Bank in accordance with the rules of NABARD. The meeting decided to meet the Chief Minister Prithviraj Chavan as soon as possible and submit a memorandum of their demands to him. Some resolutions were also passed in the meeting the main being immediate financial help to the NDCCB.

“The NDCCB helps farmers in a big way in the form of loans for purchasing crop seeds, fertilizers, pesticides, agriculture machineries, and other farm purposes. The State Government, after considering the poor financial condition of the Bank, should immediately extend financial help so that farmers could be given loans and other assistance. Unfortunately, the attitude of State Government towards NDCCB and Buldana Cooperative Bank has always been discriminatory and meting out injustice and thus creating anguish among the farmers. The Government must provide help to the NDCCB for resolving problems of farmers in Nagpur District. If the Government failed to extend financial help to the Bank, all the office-bearers of Congress Committees, the NDCCB Directors, office-bearers, ZP and Panchayat Samiti members, Sarpanchs, along with Sunil Kedar, are ready to resign from the Congress in the interests of farmers,” one of the resolutions passed in the meeting said.

The bottom line is that the NDCCB cauldron is full of scams, bankruptcy, political games to settle scores notwithstanding the suffering of non-salary paid teachers, non-teaching employees, and even farmers.

The entire sordid saga could be summed up in following words: “Bank failures are caused by depositors who don’t deposit enough money to cover losses due to mismanagement.”