Forum urges
Source: The Sangai Express
Imphal, July 14 2018:
The Imphal Urban Cooperative Bank Share holders Development Forum has urged the Imphal Urban Cooperative Bank GM in-charge not to go with his intention to provide loans and appoint to few people.
Speaking to media persons at Manipur Press Club today, president of the forum Khoibam Achou Singh stated that, fallowing an order issued by the High Court of Manipur, an election for delegate and Board of Directors for Imphal Urban Cooperative bank was held on April 29 at Standard Robert Higher Secondary School Canchipur.
He urged the GM in-charge to halt the process of providing loan and appointing new people by allegedly giving special preferences to few people, as the result for delegate election is not declared yet.
The forum's president pointed out that it is the responsibility of a permanent Board to provide loan or appoint new persons.
He stated that different CSOs will take up different actions to save the local bank if the GM in-charge decides to go with the process.