Press Esc to close
Monday 26 January 2015
News updated at 1:42 AM IST
Weather
Max: 28.7°C
Min : 17.3°C
In Bengaluru
Partially cloudy

'Bail out Amanath bank'

Bangalore, July 21, 2013, DHNS
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
President Barack Obama is welcomed by  Narendra Modi and others during an arrival ceremony...

President Barack Obama is welcomed by Narendra Modi and others during an arrival ceremony...

Bollywood actor Shahwar Ali enjoying with the National Flag in a water scooter during Republic Day..

Bollywood actor Shahwar Ali enjoying with the National Flag in a water scooter during Republic Day..

Obama being presented a spinning wheel as a memento during his visit to Rajghat in New Delhi...

Obama being presented a spinning wheel as a memento during his visit to Rajghat in New Delhi...

Barack Obama participates in a tree planting ceremony at the Raj Ghat Mahatma Gandhi Memorial...

Barack Obama participates in a tree planting ceremony at the Raj Ghat Mahatma Gandhi Memorial...

Barack Obama throws rose petals as he participates in a wreath laying ceremony at the Raj Ghat...

Barack Obama throws rose petals as he participates in a wreath laying ceremony at the Raj Ghat...

Barack Obama and  Narendra Modi during their joint press conference at Hyderabad House in New Delhi.

Barack Obama and Narendra Modi during their joint press conference at Hyderabad House in New Delhi.

President Barack Obama is escorted during an arrival ceremony at Rashtrapati Bhavan...

President Barack Obama is escorted during an arrival ceremony at Rashtrapati Bhavan...

Narendra Modi and US President Barack Obama stroll in the gardens of Hyderabad House in New Delhi...

Narendra Modi and US President Barack Obama stroll in the gardens of Hyderabad House in New Delhi...

Young girls buying tricolour on the eve of Republic Day celebrations in Allahabad on Sunday...

Young girls buying tricolour on the eve of Republic Day celebrations in Allahabad on Sunday...

Barack Obama walks to inspect a guard of honour during his ceremonial reception...

Barack Obama walks to inspect a guard of honour during his ceremonial reception...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523