(a) whether Government has received any complaints regarding theft of pledged
jewellery from the Strong Room of Co-operative Banks particularly Co-operative Bank at
Azhaganparai of Kanyakumari District;
(b) if so, the details thereof; and
(c) the action taken by the Government thereon?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) to (c) : A theft had occurred in Azhaganparai Primary Agriculture Credit Society
(PACS) affiliated to Kanyakumari District Central Cooperative Bank (DCCB) on 23rd April
1999, which came to notice on the next day. Cash amounting of Rs.90,234/-and jewellery
worth Rs.82,59,278/- had been stolen. Although, insurance cover was available, the
insurance company refused to settle the claim as the police investigation found involvement
of one Director of the PACS in the incident. A case has been filed by the PACS and the
DCCB with Madras High Court.