68.93 lakh of Lingampet PACS misappropriated (Photo: Twitter)
Nizamabad: An inquiry by cooperative department officials has revealed that ₹68.93 lakh funds of Lingampet Primary Agriculture Cooperative Society (PACS) in Kamareddy district have been misappropriated.
The misappropriation has occurred during procurement of paddy and its transport.
The misappropriation has occurred during procurement of paddy and its transport.
Based on an inquiry officer’s report, special cadre deputy registrar and Kamareddy district cooperative officer has issued a show cause notice to K. Devender Reddy president and K. Sandeep Kumar chief executive officer of Lingampet PACS.
Officials have identified properties of Devender Reddy and Sandeep Kumar, which will be seized, if they fail to repay the misappropriated funds.
The irregularities had taken place last year. But they escaped in connivance with some cooperative department officials.
Nizamabad district cooperative officer Srinivas Rao, who is in-charge of Kamareddy district, has served notices to the Lingampet PACS for recovery of the misappropriated ₹68.93 lakh.
Officials have identified properties of Devender Reddy and Sandeep Kumar, which will be seized, if they fail to repay the misappropriated funds.
The irregularities had taken place last year. But they escaped in connivance with some cooperative department officials.
Nizamabad district cooperative officer Srinivas Rao, who is in-charge of Kamareddy district, has served notices to the Lingampet PACS for recovery of the misappropriated ₹68.93 lakh.
( Source : Deccan Chronicle )
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