Bring Cooperatives Swindlers To Book

After all, the government has struck separate deals with the victims of cooperatives, loan-sharking and microfinance institutions (MFIs) in order to find a permanent solution to these lingering issues. With the consent of the cooperative victims, the government has lately formed a high-powered committee to deal with their problems. Just before constituting the inquiry panel, the government had forged an eight-point agreement, assuring cooperatives’ depositors of returning their funds as soon as possible. With this arrangement, the cooperative victims have put off all of their protest programmes. As per the agreement, the committee will audit the accounts of the troubled cooperatives and recommend necessary measures to settle the obstacles facing the depositors.