Latest


Bangalore: Case of Financial Misdoing against Rajya Sabha Deputy Chairman

  •   Fri, Feb 11 2011 09:51:15 AM

Bangalore: Case of Financial Misdoing against Rajya Sabha Deputy Chairman 

Bangalore, Feb 11 (IANS) The Karnataka government late Thursday said it had filed a police complaint against Rajya Sabha Deputy Chairman K. Rehman Khan over alleged financial irregularities of around Rs.100 crore (Rs.1 billion).

The irregularities are said to have taken place in Bangalore-based Amanath Cooperative Bank when Khan was its chairman between 1989 and 2002.

The complaint against Khan and several others was filed by the state's cooperative department, Cooperation Minister Laxman Savadi told reporters here.

Savadi said a probe by the department into the bank's affair had established that irregularities during Khan's chairmanship had caused the bank loss of Rs.102.02 crore.

He said others named in the complaint included another former chairman of the bank Zia-ul-Sharief and A.A. Katib, a former director of the bank.

The central government would be informed about the filing of the complaint against Khan, Savadi said.

The bank was set up in 1977 mainly to help poor Muslims. Starting with a capital of Rs.300,000, the bank now boasts of a deposit of over Rs.440 crore, working capital of Rs.505 crore and net owned funds of Rs.29.53 crore.

The bank began with 3,000 members and now has over 40,000 members with more than 250,000 depositors and account holders. It has around 15 branches across the state.
  

Top Stories

Comment on this article

  • Langoolacharya, Belman/USA

    Fri, Feb 11 2011

    Hey Nageshmamu,

    Are you refering to me buddy?

    Regards,

    Langoolacharya

    DisAgree Agree Reply Report Abuse

  • ISMAIL K PERINJE, PERINJE/YANBU-KSA

    Fri, Feb 11 2011

    Nagesh Nayak Bangalore,why you are not commenting about Mines irragularity by Reddys next to this article?Are you hipocrite and know only bashing Sonia Gandhi?

    DisAgree Agree Reply Report Abuse

  • nagesh nayak, bangalore

    Fri, Feb 11 2011

    hi,Eric Coelho, Mangalore,

    THERE WAS NO OTHER MAJOR POLITICAL PARTY IN INDIA TILL 1970.

    ONLY CONGRESS .. CONGRESS..

    CONGRESS is the root cause for all corruption, scams & unwanted things.

    All other political parties born only after 1970's .

    BUREAUCRATS ARE THE SAME & APPOINTED BY CONGRESS PARTY.

    CORRUPTION SEEDS WERE PLANTED BEFORE 1970'S & NOW GROWN BIGGER THAN BANYAN TREE.

    SO, YOU HAVE TO AGREE THAT CONGRESS = CORRUPTION.

    DisAgree Agree Reply Report Abuse

  • Eric Coelho, Mangalore

    Thu, Feb 10 2011

    I am reading some of the shameless comments of NN with regard to Aziz Premji and the above one. If Nayak has read the previous news of Reddy Mining itself shows that every political party right from Congress to BJP to all other parties are here to loot the wealth of the country and the well being of the people of this country. All is not well in India and also internationally. It is only the people of this country who have to join hands to get this country out of this mess like the people of Egypt are doing. If the people or we call ourselves as voters are to achieve its own well being then we have to bend our five fingers to remain equal rather than make abusive and unqualified comments like NN. Democracy is really costing this country a lot but the democracy followed by Political parties is more dangerous as the law does not apply to them and not only they even their kith and kin, the rich and high profile walk away scot free. India has lost its pride during the communal riots in Gujarat, Sikh Riots, church attacks in Karnataka and Orissa. If NN is pointing one figure towards others then 4 fingers are pointing towards him. So he is more at fault. NN needs to make positive, commendable and credible statements. Change your mind set for the well being of Mother India.

    DisAgree Agree Reply Report Abuse

  • ISMAIL K PERINJE, PERINJE/YANBU-KSA

    Thu, Feb 10 2011

    This case was not new and taking up for police complaint now has some vested interest.

    Reasons Co-operative Societies has it's audit department which will be conducted every year

    This cases are of date back 15-20 years back.

    If it was really happened long back how Rahiman Khan went up to Dy Speaker of Rajya Sabha.

    The timing of the revealing of the case is perfectly fits BJP and Rahiman Khan's own party's back biter.

    Yet,the law must take it's own course and if found guilty or prima facie there is matrial in this case, R.Khan should removed from the post of Dy Speaker of Rajya Sabha.

    DisAgree Agree Reply Report Abuse

  • Deshpremi , Mumbai

    Thu, Feb 10 2011

    It is afterall whose money ? Poor-Middle Class peoples money .Indias population is 120 Crores atleast half the population has mobile phone means 60 Crores .Everyphone holder will speand atleast Rs 10 per day means RS 600 Crores per day is the revenue earning per day bu the Mobile operators .The worst part is majority come through prepaid sector which is always Cas deal so No Income tax look at how much these companies might have made in Last 3 years Rs 600x30x12x3 Crores These Companies also eat and Politicinas also eat Poor People will have no Balance in the Mobile to give even a Missed Call so strange
    Now Rajya Sabha Deputy chairman eatring Poor peoples Money kept in a cooprative bank
    and there is another minister for Rural Development Vilasrao deshmukh .He has a case against him in which he was preventing the Police Complaint againts Money lender in Nagpur which has lead to Farmers suicide .Please clean all these mess from the UPA

    DisAgree Agree Reply Report Abuse

  • nagesh nayak, bangalore

    Thu, Feb 10 2011

    To all shameless psuedos,

    Your italian led congress is a curse for our country & still stick to the chair like HOSNY MUBARAK OF EGYPT.

    RAJYA SABHA DEPUTY CHAIR PERSON HAD SWINDLED 102 CRORES FROM AMANATH BANK & STILL ENJOYING THE POWER.

    CWG, 2G ARE NOW OLD & SUPREME COURT GAVE INSTRUCTION TO UPA GOVT. TO APPOINT SPECIAL COMMITTEE SINCE QUANTUM OF SCAM IS HUGE.

    NOW LATEST RS.2,00,000 CRORES DEVAS SCAM IS UNEARTHED & ITALIAN LED CONGRESS IS TRYING ITS BEST TO COVER UP.

    HI PSUEDOS YOUR ITALIAN LED CONGRESS IS DESERVE FOR NOBEL PRIZE FOR CORRUPTION & SCAMS.

    SHAME ON YOU.

    INDIA IS LOOSING ITS PRIDE , IMAGE DUE TO THE KARNAMAS OF YOUR GREAT LEADERS.

    JAI HO ROLPHIE, LYDIA, ANAMIKA, VG, ACHARYA, SHAHNAWAZ,LAURENCE FOR PRAISING ITALIAN LED CONGRESS LEADERS.



    DisAgree Agree Reply Report Abuse


Leave a Comment

Title: Bangalore: Case of Financial Misdoing against Rajya Sabha Deputy Chairman



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like