Muslim Co-operative Bank’s chairman considers bank his personal property: Imtiaz Shikilkar
Today in New Delhi, India
Jan 18, 2019-Friday
New Delhi
  • Humidity
  • Wind

Muslim Co-operative Bank’s chairman considers bank his personal property: Imtiaz Shikilkar

One of the directors of the bank claims that chairman PA Inamdar has spent huge funds in the recruitment and maintenance of ‘non-existing’ security guards

pune Updated: Oct 10, 2017 17:17 IST
Nadeem Inamdar
Nadeem Inamdar
Hindustan Times, Pune
Imtiaz Shikilkar,PA Inamdar,Pune Muslim Co-operative Bank
Imtiaz Shikilkar has been associated with Muslim Co-operative Bank Ltd for the past ten years.(HT PHOTO)

Shikilkar, former president of Baramati Municipal Council and a close aide of former deputy chief minister of Maharashtra, has taken up cudgels against alleged corruption and misappropriation of accounts in the Muslim Co-operative Bank Limited, Pune, that claims to have deposits worth Rs 650 crore.

Why protest when your complaints are investigated by competent authorities?

We have strong evidence related to frauds and cheating which took place in the bank accounts at the directions of chairman PA Inamdar and CEO. The evidence has been submitted to Reserve Bank of India (RBI), Co-operatives Commissioner and Central Bureau of Investigation (CBI) for investigation. We want to create public awareness about the elimination of democracy in the bank and voices of democracy being muzzled by the chairman to cover his crimes and those of his cronies. The bank has become a personal property of the Inamdar family and there is no scope for suggestion, objection and feedback which is very essential for the healthy growth of the bank. We will keep protesting till he mends his ways and appropriate action is taken by the authorities so that the law is respected and upheld in the bank administration.

Why were you silent during the past ten years of being associated with the bank?

We have always conveyed our grievances at the appropriate level but they were not acted upon. Fed up with the arrogant and fascist bent of administration at the bank, we decided to take the issue in public domain. The Muslim Bank must become the bank of the people and not run by one man and that too a dictator.

What are your main demands?

We have demanded an investigation into payments worth lakhs being made in the name of nonexisting security guards and their bogus salaries. The money siphoned off in the form of bogus payments must be returned. The bank staffers must be given a good raise in accordance with their performance. Fifty per cent of the cash taken from staffers out of incentives and adhoc payments must be credited back into their bank account with penal interest. The medical fund being given to Inamdar hospital in Wanowrie must be stopped with immediate effect.Manipulation of bank records through dictatorship and fear must be stopped.All photos of Inamdar put up in bank branches must be brought down as the bank belongs to the members and not one individual.The bank staffers, members and directors must be respected and due courtesy must be shown by Inamdar instead of his current rash and intolerant humiliation based behaviour.

What are your future plans?

We want to create public awareness regarding the crimes being committed in the name of community by the chairman where nobody is questioning him fearing retaliatory action. We have appealed to all sections of society to help us combat corruption in the bank and bring in the desired change through transparency and democratic functioning. Our complaints are in the near final stages of investigation and action against them will be taken soon.

First Published: Oct 10, 2017 17:16 IST