Press Esc to close
Monday 26 June 2017
News updated at 5:39 PM IST

'Bail out Amanath bank'

Bangalore, July 21, 2013, DHNS 2:46 IST
Jaffer Sharief. File Photo
A delegation of Congress leaders led by former union minister C K Jaffar Sharief on Sunday urged Chief Minister Siddaramaiah to order a CBI probe into the alleged irregularities in Amanath Cooperative Bank.

Speaking to reporters after the meeting, Sharief said: “Amanath Cooperative Bank and Al-Ameen Medical College, Bijapur, are in crisis. The government should intervene and revive them. We have also asked the chief minister to order a CBI inquiry into the alleged irregularities in the bank.”

Amanth Cooperative Bank has been in controversy following allegations of irregularities. It is alleged that crores of rupees of the depositors have been misused by some members of the board of directors.

Among those facing allegations include Union minister Rahman Khan. Sharief further said Siddaramaiah has, in his recently-presented State budget, allocated Rs 700 crore for the welfare and development of minorities in the State.

A request has been made to make use of this money to revive these institutions, he added.

Most of the depositors of the bank are the poor. They have not been able to draw their money following the Reserve Bank of India’s recent direction to freeze all the accounts.

The aggrieved depositors are staging protests. There are also allegations of misuse of properties belonging to the bank. All those involved in the irregularities should be punished. If necessary, the State government should appoint an administrator, the delegation is learnt to have told the chief minister.

Sharief upset

Upset with some leaders joining the delegation at the last minute, Jaffar Sharief had initially decided not to attend the meeting. He had even left Krishna, the chief minister's home office, as a mark of protest. But Congress MLC Nazeer Ahmed immediately pacified Sharief and brought him back.

Go to Top

Photo Gallery
Prime Minister Narendra Modi being welcomed, on his arrival at Joint Base Andrews, Washington...

Prime Minister Narendra Modi being welcomed, on his arrival at Joint Base Andrews, Washington...

Senior CRPF and police officers carrying the coffin of SI/GD Sahab Shukla after wreath laying...

Senior CRPF and police officers carrying the coffin of SI/GD Sahab Shukla after wreath laying...

Senior BJP MLA Ghanshyam Tiwari stages 'satyagraha' against Rajasthan Chief Minister Vasundhara...

Senior BJP MLA Ghanshyam Tiwari stages 'satyagraha' against Rajasthan Chief Minister Vasundhara...

Hindu devotees pull the 'Rath' or the chariot of Lord Jagannath, during the annual Rath Yatra, or...

Hindu devotees pull the 'Rath' or the chariot of Lord Jagannath, during the annual Rath Yatra, or...

Acclaimed Odissi dancer Dona Ganguly's troupe performs during 46th ISKCON Rath Yatra of Lord...

Acclaimed Odissi dancer Dona Ganguly's troupe performs during 46th ISKCON Rath Yatra of Lord...

Switzerland's Roger Federer celebrates his victory in the final match against Germany's Alexander...

Switzerland's Roger Federer celebrates his victory in the final match against Germany's Alexander...

French Air Force Patrouille de France air demonstration teams take part in flying display during...

French Air Force Patrouille de France air demonstration teams take part in flying display during...

Penitents and costaleros of the Nuestro Padre Jesus Nazareno brotherhood carry a float bearing...

Penitents and costaleros of the Nuestro Padre Jesus Nazareno brotherhood carry a float bearing...

Over 10,000 Chinese yoga enthusiasts in Wuxi, a city near Shanghai in eastern China, took part in...

Over 10,000 Chinese yoga enthusiasts in Wuxi, a city near Shanghai in eastern China, took part in...

A student band dressed as Star Wars storm troopers hold their instruments during the walk...

A student band dressed as Star Wars storm troopers hold their instruments during the walk...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.