This makes interesting reading. Parrikar found Madkaikar corrupt...till he needed him to support the Government. When Madkaikar left the BJP, he become corrupt again. Ditto for Babush Monserrate. ..........................
Goanet News Service: IN TODAY'S ISSUE: Politics and politicians have a significant role in driving a bank to near-bankruptcy. Take a look at how these worthies survive all parties and diverse political changes too... Below, some links to Konkani proverbs. WHERE HAVE CRORES OF RUPEES BEEN SKIMMED OFF TO? BY WHOM? The Herald carries a top-of-the-page headline about 'the people behind the Goa State Co-op Bank collapse'. It names the politicians involved. The GSCB has 67 branches, and while its officials have claimed doing well, some statements have also indicated that the bank is on the verge of collapse as recovery proceedings had fallen down to 63 per cent. Politicians named were former Calangute MLA Suresh Parulekar (both Congress and later BJP leader) with Rs 90 lakh loaned to his Reis Magos Pvt Ltd, Nazario Pinto, Pernem MLA Jitendra Deshprabhu with his outstanding Rs 5 lakh, Shiroda MLA Subhash Shirodkar (over Rs 1 crore outstanding for his engineering and IT colleges), the Karapur Agro with Vishwajit Rane (Pratapsing Rane's son) as managing director (outstandings Rs 1.88 crore last year). Parrikar's regime had charge-sheeted some of the bank directors including Pandurang Madkaikar. But when the BJP got an insufficient 17 seats in the 2002 assembly elections, Parrikar brought in Madkaikar and three others to cobble together a coalition government. Bank sources claimed that no attempts were made to recover loans or initiate any action against the defaulters, and hence it is now difficult to make recoveries after so many years, Herald reported.(H) ________________________________________________________________________ Rain is a blank cheque ; Just put it inside the mother earth ; It gets encashed in summer ! _______________________________________________________________________ Joining the BJP is the present day equivalent of a dip in the Ganges. No matter how polluted the river is...it purifies the one immersed in it....or so we are led to believe. Miguel Braganza
