Minister Rahman Khan accused of corruption

Minister Rahman Khan accused of corruption

By: || Updated: 28 Dec 2012 08:03 AM

Karnataka State Minorities Commission on Friday filed a complaint
against Union minority affairs minister K Rahman Khan before the Lokayukta
alleging misappropriation of public money in Amanath Co-Operative Bank by
him when he was its president.

The complaint was lodged against Khan and others by commission chairman
Anwar Manippady before the Upalokayukta, SB Majage. The Lokayukta post is
vacant in Karnataka.

It also named land developer Ziaulla Sharieff, chairman of Al-Ameen Trust
Mumtaz Ahmed Khan, besides some directors and officers of the bank,
officials of Karnataka Cooperation Department and local officials of RBI.

According to Manippady, the commission received a complaint on November 6
this year from S Ahmed Ibadullah, advocate, SAI Associates, on the alleged
misuse of funds amounting to Rs 300 crore by former presidents of the bank
about ten years ago.

The commission, he said, examined the issue and found that though the
misappropriation of funds is clearly established, no action has been taken
so far against the culprits by the Cooperation Department, police and RBI.

"As per the balance sheet of the bank (2008) more than Rs 3500 crore of
misappropriation by benami sanctions/sanctions to firms owned by relatives
of ex-presidents and ex-board of directors/overdrafts allowed against
norms/non-recovery of loans is prima facie proved", Manippady said.

"More than Rs 300 crore is reportedly misused by K Rahman Khan when he was
holding the post of the President of Board of Directors," he alleged.

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