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CKP Bank Depositors Forum urge buying of unauctioned attached properties of fraudsters

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Thane | Tuesday, Apr 17 2018 IST
The CKP Bank Depositors Forum has urged the Maharashtra government to purchase the attached properties of the fraudsters that could not be auctioned in order to revive the bank.

The forum members, who met Chief Minister Devendra Fadnavis on Monday, handed over a Memorandum singed by one of the depositors Arvind Nadkarni reminding the CM about the announcement made by him of the purchase of the confiscated un-sold properties.

In the memorandum he said that the CKP Bank which was defunct now was having about 1,35,000 depositors with the deposits of Rs 560 crore, of which Rs 205 crores constitute un-recovered loans and about Rs 140 crore worth properties are under process of attachment. Approximately Rs 70 crore with properties are under lock and key with the bank.

Further more, the bank is trying to sell its assets worth about Rs 20 crore but due to present unfavourable market conditions sale of attached properties is not not materializing. The memorandum also said that as per the announcement made by the Chief Minister, attached/confiscated properties of the fraudsters and offenders of economic offences, that those properties which are not not being purchased in public auction shall be purchased by Maharashtra government.

The depositors urged that CKP Co-op bank has become financially weak due to various frauds and economic offences, hence kindly purchase those properties of the bank in order to revive the bank and ensure that the depositors money is secured the memorandum which is also submitted to the Prime Minister and all others concerned stated.

UNI XR NP SB 1248

-- (UNI) -- C-1-DL0171-1331012.Xml

 
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