Pratapgarh (UP), Nov 27: Chairman of the district cooperative bank Vijayraj Singh, a supporter of jailed independent MLA Raghuraj Pratap Singh alias Raja Bhaiya, has been removed from his post.
Official sources said the managing committee of the bank has also been dismissed and the district magistrate appointed its receiver.
The bank had incurred losses of Rs four crore over the last two years, the sources said adding Nabard had found several discrepancies in its functioning. Meanwhile, the official car of another of Raja Bhaiyya's confidante, Bindeshwari Patel, who is the chairman of the Zila Panchayat, has been taken away, sources said.

Bureau Report