A high incidence of thefts in district cooperative banks in Tamil Nadu has prompted the police to ask the banks to install CCTVs in their compounds.
The police met heads of cooperative banks and societies to convey their decision.
There had lately been a series of thefts in cooperative banks in Cuddalore, Dindigul and Thiruvarur districts of the state.
The police authorities are hopeful that the incidence of crimes can significantly be reduced through installation of CCTVs in the premises of cooperative banks.
Sources say lax security has been one of the reasons responsible for recent thefts.
According to survey it is came to our notice the co-operative banks which were made for only rural and co-operative sectors became transacting commercially taking direct deposits from public and issuing pay orders,clearing cheques,selling DD, accepting gold mortgage etc. though some electoral members of the societies are its managing authority. There is no Income Tax department investigating their each and every transaction, even sales tax department of state and central are also not verifying the records by which money laundering,illegal finance,fake purchase bill are showing under this institution. The nexus of co-operative state govt.administratives,audit and staffs commiting a huge corruption in the organisation.Not only the matters is at here in the head of account AGB&Gift to members lacs of rupees are drawing and distributing but no comments are arising by the Auditrs,in the name of TA&DA,Committee meeting expenses,Entertainment,Printing &Stationaries,Intrest payable and receiveable,paid and received,asets head,contingency a/c huge amount of amount are manipulating.In our India there are so many a/cs in nationalised Bank,bearing aadhar card but crops loan to farmers are paying by cash and through paper transaction finance are shown at a huge level through different Large sized Multipurpose Society their MPR and other reports are not fair and severally manipulated by officers,managers,staffs,secretaries but no agencyies of central or state govt deptt.are investigating since the root level.KCC cheques are selling to members without money receipt there is no enquiry being made.In the name of SGH the funds are financed to whom and how much befit gained by the members are not surveyed properly. It needs to check the the near and dears of Co-operatin Govt officers,staffs,management authority are the members or not since last 3 decades will prove the corruption genealogy.Still then the Govt. showing soft corner to this department is highly remarkable.