National News Analysis

27 July 2024, 9:56 AM

WE FIGHT UNTIL GUILTY ARE PUNISHED-GURURAGHAVENDRA BANKS FRUAD CASE

L J Ravi
5 January 2022, 10:00 AM
Uncategorized
2 minute read

Bengaluru. comes two years after the case of Sri Guru Raghavendra Credit Co-operative Bank fraud came to light on January 10th. More than 100 depositors have already died, and thousands of depositors are struggling to make ends meet. About 60 to 80 thousand depositors of 16,000 water depositors and 120 co-operatives have been grieved by the fraud of Guru Raghavendra Bank. Mr Guru Raghavendra Credit Co – Operative Bank Shareholders and Depositors of Sri Guru Raghavendra Credit Co-Op. Shankar Guha Dwarkanath Bellur condemned. Dr Shankar Guha Dwarkanath Bellur, speaking at a press conference at the city’s Press Club, said that MP Tejaswi Surya and MLA Ravi Subramanya, who are talking about DICGC insurance money, are not talking about withdrawal of depositors’ money. What? Why the investigation into the fraud case is not rampant. What? Why not talk about the case even when there is so much pressure to hand it over to the CBI. What? This is also why the Vashistha Co-operative Society has taken a similar stand on the fraud case. What? Let me answer all these questions first and then pay tribute if needed. Guru Raghavendra Bank, Gurusarbhavamoha Society Vasishtha Co-operative Society, Nagaratna Co-operative Society, Mahaganapati Co-Operative Society, Silver Light Co-Operative Society, etc. He said that people who care only about themselves and are involved in felicitations will realize their concern. Hundreds of crores of irregularities took place in the Guru Sovereign Society. How do you compensate the depositors of that society. What? So far, only DICGC insurance money, which is allocated to the general insurance fund, is nothing else. How do you collect around Rs 1,000 crore of 12,000 depositors? What? What kind of relief will you give to the depositors of 120 societies? What? The names of these societies have not been publicly announced. What? Why not give clear information to customers. What? You have covered the fact that DICGC insurance is only available to individual depositors, not to depositors in societies. What? Answer all these questions and get back the last rupee of the depositors

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