Herald News

Inquiry Commission appointed to probe GSCB

19 May 2017 06:14am IST

Report by
Team Herald

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19 May 2017 06:14am IST

Report by
Team Herald

PANJIM: Almost ten months after the State Legislative Assembly witnessed a stormy debate over an alleged multi-crore scam in the State Apex Bank – the Goa State Co-operative Bank – the Goa Government has appointed a one-man Inquiry Commission to probe the alleged charges of corruption and mismanagement. 

The Inquiry Commission headed by retired Justice Avinash Lawande, has been asked to submit the inquiry report within 90 days.

The order issued by Under Secretary (Home) Neetal Amonkar states that Lavande will inquire into the issues ‘highlighted in the August House in respect of Goa State Co-operative Bank Ltd’.

 In August last, the then Laxmikant Parsekar government, had found itself on the back foot after MLAs from across the political spectrum had countered the government on the Goa State Co-operative Bank ‘multi-crore property auction scam’ for 14 years. 

The Registrar of Co-operative Societies and Bank Chairman were alleged to be prime culprits in the entire scam by the opponents. 

MLAs had unanimously demanded an inquiry through a judicial panel and the government had assured to conduct a detailed inquiry and initiate action against those involved, stating that the magnitude of the corruption is huge.

Then opposition MLA and incumbent Minister Vijai Sardesai had  pointed out before the House that in 1995 consultant, S N Bhobe, had conducted an evaluation of a property in Bainguinim and had estimated its price at Rs 8.19 crore. However, ten years later in 2016, the same property was auctioned by the bank for Rs 1.36 crore. 

MLAs had gone on to demand an audit of all multi-purpose co-operative societies operational in the State.

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