Tension prevailed for some time at Amanath Cooperative Bank premises in Shivajinagar on Thursday when several employees, including those who are facing charges of molestation and misuse of funds, staged a demonstration in front of the bank, urging the State government to transfer the bank's Chief Executive Officer Shahar Banu.
Raising slogans against the CEO, the protesters alleged that Ms. Banu and Administrative Officer Rahamath Ulla had been harassing the staff for trivial issues. “We want both to go away from the bank. Ms. Banu had falsely indicted me in a molestation case,” a protester, who was arrested for allegedly molesting a women staffer of the bank, said.
Meanwhile, a section of officials and other employees of the bank that did not participate in the Thursday's protest alleged that a few employees were blackmailing the CEO, AO and other employees by holding protests. “Some members have been urging the officials to fraudulently sanction loans. As they are refusing, they are creating ruckus,” they said.
The bank with 15 branches, including 11 in the city, has at least 2 lakh customers. The Cooperation Department superseded the bank in 2006 after allegations about directors causing loss to a tune of Rs. 158 crore to the bank through ‘benami accounts' and by misusing their power. Ms. Banu was appointed CEO to supervise the bank.
The alleged misuse of the funds took place during 1996 and 2002.
Also, the Cooperation Department has filed a criminal case against Rajya Sabha Deputy Chairman K. Rahman Khan for his alleged involvement in misuse of funds to the tune of Rs. 102.02 crore from the bank.
The Commercial Street police are investigating the case.