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Cooperative Dept sends notices to HAL Employees Cooperative Society

Posted on Nov 11, 08:26AM | UNI

Cooperative department has sent notices to former chairman and office-bearers of Hindustan Aeronautics Ltd (HAL) Employees Cooperative Society for alleged misappropriation of funds.

The funds of Rs 44 crore were found misappropriated during the period of 10 years in audit.

The scam was brought to light by the Navnirman Kruti Samiti of HAL Society to the cooperatives department and ministry. The Samiti has been continuing its struggle against scam since 2001.

The cooperatives department has sent notices to all elected directors from 2001 to 2011.