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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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MCDCC Bank Manager’s salary is Rs.7,86,056 for two years but pays income tax of Rs.4 crore!

Mysuru: More skeletons are tumbling out of closets in the alleged scam at Mysuru-Chamarajanagar District Central Co-operative Bank’s (MCDCC) Hunsur Branch where the Manager, Ramappa Poojar, has been accused of swindling and…

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Published September 5, 2018 · 3 min read
mcdcc bank manager’s salary is

Mysuru:  More skeletons are tumbling out of closets in the alleged scam at Mysuru-Chamarajanagar District Central Co-operative Bank’s (MCDCC) Hunsur Branch where the Manager, Ramappa Poojar, has been accused of swindling and diverting crores of rupees of public money into his private Bank accounts. It has come to light that though Poojar has withdrawn a salary of Rs.7,86,056 for his two years of work at the Bank, Poojar had claimed that he paid income tax up to Rs.4 crore. The information about the hefty income tax paid by Poojar was received through an anonymous phone call made to the main office of the Bank on Aug.29.

After the authorities received the call, DGM of Auditing Department S. Palaiah and Senior Assistant Y.C. Chowdegowda decided to check the accounts at MCDCC Hunsur Branch. They were surprised to learn that Poojar had paid up to Rs.4 crore. Investigating the source of such a huge amount, the authorities stumbled on evidences where Poojar had diverted the money that was to be given to farmers as loans to his personal accounts.

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