Hello..Participants,
I am an ex-employee of co-op. bank in pune. In 1995 to 2002 bank had made supicious finance to somefake big bulls.On the consequence of this. it had to suffer a heavy loss.The bank had to curtail the staff number. As we ,the officers of the bank had to retire at the age of 55 instead of 58, causing a monetary loss of average 15 lacs each.After retirement I become the shareholder of the bank.I complained to reserve bank of India about the fishy finance made by the bank and the aftermath resulted into lack of dividend and monetary loss of employees,reducing their retirement age. The bank did not publish the names of the defaulter borrowers and their sureties in local newspaper.What reserve bank will do in such type of a complaint made by shareholder means me.The bank threatened me to remember that I was an ex employee of the bank ,I told them that due to fishy lonas we were deserted .We were retired by you at the age of 55 instead of 58.What bank will do against me as an ex-employee or as a shareholder .Can any one give legal advice?
