A Victim of state mechinations and some of his own doings, Ramchandra Mule is finally out.
Ulhas Phaldesai , elder brother of BJP MLA Subhash Phaldesai grabbed the top post with the help of Chief Minister who successfully engineered defection to win over Mule’s two of the loyalists.
Avelino Marcus D’Silva was elected bank’s vice chairman.
The recent elections of the board of directors of the Goa state cooperative bank have stirred controversy as the govt wrested control of the bank even if the govt backed candidate BJP MLA Phaldesai had initially lost to the panel led by the bank chairman Ramchandra Mule.
Addressing the press Chief Minister Manohar Parikar had claimed, majority of the elected members have met him and urged resurrection of the bank. Parikar assured the new board of directors of his full support. The outgoing management led by Mule was corrupt and indulged in gross irregularities with abandonment. Appropriate legal action would be initiated against the outgoing management, Pariker added.
Within a couple of hours after the vote, there was a sudden change in the situation. Some of Mule’s elected supporters changed their mind and extended their support to Phaldesai. Thus Mule stood dislodged from power.
The Goa state cooperative bank is the fulcrum of the cooperative sector in the state. The bank claims a total deposit of Rs 11000 crore.