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The Hindu
The Hindu
National
The Hindu Bureau

Shashil Namoshi demands CBI inquiry into frauds in Kanva, Vashista cooperative societies

CBI Bharatiya Janata Party Andhra Pradesh Karnataka Tamil Nadu Telangana Kalaburagi

Stating there have been frauds worth around ₹1,500 crore in Sri Kanva Souharda Credit Cooperative Society and ₹350 crore in Sri Vashista Credit Souharda Sahakari Limited, BJP leader and MLC Shashil G. Namoshi has demanded a Central Bureau of Investigation (CBI) investigation in the two incidents.

Addressing a media conference in Kalaburagi on Wednesday, Mr. Namoshi said that hundreds of people from Karnataka, Andhra Pradesh, Telangana and Tamil Nadu have been victimised by the banks and demanded that the Union government hand over the cases to the CBI for impartial inquiry.

“More than 40 cases of frauds are reported against Kanva Souharda Credit Cooperative Society in Andhra Pradesh, Telangana, Tamil Nadu, Karnataka and other States. There are reports that the society has misled and cheated over 23,000 people through its 165 branches,” Mr. Namoshi said.

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