HC asks official to file status report

Madras High Court today directed Deputy Registrar of Cooperative Societies to file a status report on the action taken against 11 persons in the misappropriation of depositors money to the tune of Rs 5.81 crore of Primary Agricultural Cooperative society of Thulayanatham in Tiruchi district.
Justice S Vimala directed the Deputy Registrar to file a status report on the case on a petition by a depositor, who sought transfer of the case to CBI from the Commercial Crimes investigation Wing Police.
Maruthai, who had deposited Rs two lakh in the bank after the Secretary M Pandian assured 10.5 per cent interest, said he did not get the money back when the deposit matured on January 28, 2014.

Then he came to know that Pandian and 10 others had misappropriated the money deposited by him and cases had been registered against them on the basis of report filed by Deputy Registrar.
Commercial Crimes Investigation wing Superintendent of Police directed the Inspector to register the case and investigate.
In the meanwhile the depositor filed a case seeking a direction from the Madras High court to return the money. The court also directed the society to return the money.The contempt case for not returning the money as per court directive was pending.
Though police registered cases against 11 persons they had not taken any further action against them.

One of the accused had been reinstated. The investigation was not going in a fruitful manner even after one year. The CCIW police were not interested in pursuing the case.Hence the case should be transferred to CBI, he said.