Chairman of Muslim Bank alleges blackmail by two bank directors

Sakal Times
Tuesday, 27 March 2018

A protest was staged against Pune Muslim Co-operative Bank and its Chairman PA Inamdar on Monday at the bank’s headquarters in Bhavani Peth.

Pune: A protest was staged against Pune Muslim Co-operative Bank and its Chairman PA Inamdar on Monday at the bank’s headquarters in Bhavani Peth.

The protest was led by two of the bank’s directors, SM Iqbal and Imtiaz Shikilkar, who along with their supporters and bank members, demanded Inamdar’s resignation on the basis of his alleged involvement in corruption amounting to Rs 2 crore.

Shikilkar and Iqbal have alleged that Inamdar has threatened the bank staffers with strict action if they don’t give 50 per cent of their adhoc incentives amounting to Rs 2 to 2.5 crore.

The two directors informed that they will not let Inamdar take the incentives of the bank staff and will continue their protest till he submits his resignation.

However, Inamdar denied allegations against him and said that Iqbal and Shikilkar are blackmailing him to be lenient with the loan defaulters. They are also pressurising him to provide loans to people close to them, and have asked him to provide donations to their institutes. 

Inamdar further stated that the incentive scheme was initiated by Shikilkar during his tenure. Nobody is going to take the incentives of staffers, as it is their right. An amount of Rs 10 lakh each has been given to the institutes run by both the directors, but they want more money, which is why they are blackmailing him, he added.

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