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Cooperative societies corrupt: Mahima Patel

A building cooperative society is involved in a scam worth Rs 20,000 crore -- more than three-fourth of the Satyam scam --according to Mahima J Patel, president of Suvarna Yuga.
"The society has violated the Land Reforms Act and distributed 100 sites to politicians," he said on Saturday.

According to the party's secretary general Ganesh, investigation was launched in 1988 on land acquisition. "A committee headed by G V K Rao was formed and many societies were found to be bogus. The societies were also involved in real estate business. But no action was taken against them while sites were allocated continuously," he explained.

"From the department of cooperative audit, we found that one of the societies was refunded Rs 66 crore for showing non-existent members," he added.

There are more than 300 building cooperative societies. "We believe the registrar of cooperative society is also involved in the scam, which is why no action has been taken. But we have got evidence," he charged.
"Public money has been misused by these societies and action must be taken."

Source: TOI


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