Rajasthan: Registration of 7 co-operative societies cancelled; helpline launched

Jaipur: The Rajasthan government has cancelled the registration of seven co-operative societies after the cases of co-ops such as Sanjivani, Adarsh and Navjeevan defrauding people of thousands of crores came to the fore in the past one year. The government also launched a helpline number – 181 – where the victims of fraud can register FIRs against co-operative societies.

Here are seven co-operative societies which lost their registration due to the complaints of alleged irregularities:

• Shubh
• Sudhan
• Parvati
• Dani
• Ambe
• Keshav
• Supreme

“We are trying to identify other co-operative societies involved in irregularities. We will cancel their registration. If they are found operation even after the cancellation of registration, we will take legal action against them,” said a co-operative department officer.

The decision to cancel the registration of the seven co-ops was taken after a meeting at state secreteriate presided over by the co-operative minister Udai Lal Anjana.

The officer said that the government has decided to launch a helpline number for fraud victims.

“The victims can call 181 and register complaints against cooperative societies,” said the officer.

Minister Anjana said that protecting investors from fraudulent schemes is their number 1 priority.

“The central government is preparing the draft of the Banning of Unregulated Deposit Scheme. We will also come up with regulations to protect investors,” said the ministers.

Three major cases of frauds by co-operative societies have come to fore this year. SOG arrested office bearers of Sanjivani, Navjeevan and Aadarsh Credit Co-operative societies and exposed frauds amounting to thousands of crores.