Goan Adv Diya Shetkar demands CBI inquiry into fraudulent transactions of Shiroda Urban Co-op Society owned by BJP leader Subhash Shirodkar

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According to a complaint filed with the Goa Lokayukta the Goa government had acquired 1.8 lakh square meters of orchard land in Shiroda from Subhash Shirodkar and his brothers or family members and related companies for a whopping Rs 70 crore “apparently with the blessings of Goa chief minister Manohar Parrikar” who approved the deal.

The land was purchased years ago by Subhash Shirodkar for only Rs 45 per square metre.

It has already been reported in the local media in Goa that the Goa Industrial Development Corporation (GIDC) refused to purchase the land as they did not need it and hence CM Manohar Parrikar got the Industries department which is under him to make the purchase.

It is also already known how another land owner who had land in the vicinity had offered the government 1.4 lakh sqm of land for Rs 350 per sq meter, while the Goa government purchased land from Shirodkar for Rs 3500 per sq mtr.

Adv Diya Shetkar has demanded a CBI inquiry into the functioning of the Shiroda Urban Co-op Society

Now it has come to light that almost the entire property which was purchased by the Goa Government from Subhash Shirodkar and his family members and relatives or the dummy and shell companies floated by him has or was already been mortgaged by people connected to Subhash Shirodkar and loans totally amounting to a principal amount of Rs 3 crore were obtained from the concerned co-operative society said social worker and Adv Diya Shetkar while speaking to media persons in Panaji today.

“The name of the entity is Shiroda Urban Co-operative Society which is owned by Subhash Shirodkar and others who are basically dummy or benami members on the board of the co-operative society.

The Co-op Society is completely controlled and managed by the Shirodkar family,” explained Shetkar.

It has already been reported in the media that part of the land was mortgaged by the credit society by employees of Shirodkar in return of a loan of Rs 10 lakh each.

Now according to research conducted by Adv Diya Shetkar and her team, information concerning the last 4-6 years obtained from Registrar of Societies, Balance Sheets which were somehow obtained, RBI records, ROC records etc., the rest of the property was also mortgaged to the Co-op Society and a total principal amount of Rs 3 crore was availed as a loan. The exact interest amount accrued on this loan is still not known, but we know that a huge amount is still outstanding to the society.

While the loan given to the 9 employees of Subhash Shirodkar was shown in the records, the rest of the loans given to his family members by the same entity is not officially shown as loan amounts.

According to a case filed by Social Activist Aires Rodrigues, in the Lokayukta, nine employees of Shirodkar have apparently shown the land in their own name, and availed of loans after mortgaging the property to Shiroda Urban Cooperative Society to get a loan of Rs 10 lakh each.

The disbursement of the loans totaling Rs 3 crore took place in the year 2013, which was headed by Shirodkar himself, Shetkar alleged.

BJP leader Subhash Shirodkar was the Chairman and his brother was the vice chairman when the loans were taken. All the other members are either dummies or benami members who are all related or connected to Subhash Shirodkar, Diya said.

Other loans were taken by his relatives and family members falsely claiming to own parts and parcels of the entire property during the year 2013 and 2014.

The Goa government has failed to do due diligence before purchasing the land for a huge sum of Rs 70 crore, about 9 times its actual value.

The land actually belongs to the Shiroda Urban Cooperative Society as Shirodkar or his family or relatives or his fake companies have no right to sell it to the government.

This entire deal with the government of Goa is fake and fraudulent as the land is still mortgaged to the society.

It is very likely that the deposits and money of the unsuspecting public who have saved their hard earned money in this entity are at risk now, as this information comes out into the public domain.

Shetkar has demanded a CBI inquiry into the functioning of the Shiroda Urban Co-op Society, failing which she said she will move the High Court of Bombay at Goa.

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