District’s 252 Crores trapped in 42 co-operative societies

District’s 252 Crores trapped in 42 co-operative societies:
Jalgaon district’s co-operative moment in deep grief following last few years of highest amount of grievances and financial irregularities posted. As a result of this around 252 Crores fund in form of term deposits is lying blocked with these 42 societies. District co-operative department in its audit for period from 2007 to 2010 found these 42 societies having gone down following financial funds locked and no liquidity.
A large number of co-operative depositors have made strong protest to this funds locked state but have found no relief in any sort of escape from government authorities.

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