New Rahul Tower Coop.Housing Soc.Ltd
Funds mismanagement

In short: Funds of 30, 000/- for major repairs. each collected from the Members. Flats 108. Some 3-4 people have not given. A contractor was appointed and shortly terminated. Office bearer took matters in their own hand. Piecemeal work done. Job remains incomplete. Three cheques made in the name of original contractor for 2 lakhs each. Four mg.committe members (incl. Chairman and Secretary and another purported member) collected cash immediately after the contractor got it encashed within 2 hours of submitting the cheques to a Bank. This matter was discussed in open in late AGM (unauthorised) and the Contractor openly stated before the attendees and on the mike how this was done. Chairman blurted out in full view: Maine akele thori liya hai (I alone did not take the amount). Prima facie, this is not right Plus there might be many loopholes about which we know nothing. E.g. cheques of 1 lakh drawn in person (To yourself) from the major repairs funds.) Mobile tower account used to salaries of watchmen, etc. Later 4000/- each also collected for plubmbing works of major repairs, but no bills were raised. Details of original Terms and Contract not shown despite requests. Lots of mismanagements.

Company: New Rahul Tower Coop.Housing Soc.Ltd
Country: India

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