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‘Ulhas Phaldessai destroyed bank’

‘Ulhas Phaldessai destroyed bank’

12 Aug 2017 No comment 61 hits

Colva: Curtorim MLA Aleixo Reginaldo Lourenco on Saturday accused the retired chairman of Goa State Cooperative Bank Ulhas Phaldessai for "destroying it and not taking corrective measures to save it".

Lourenco said, "Phaldessai retired and the managing director and four directors made an announcement that when their terms end, 125 employees will be given VRS and five branches will be closed". He said that these employees will be sent home to starve for no fault of theirs and that this decision wasn't taken when the board had a majority. "What austerity measures were adopted by the board to cut the hefty salaries and luxurious travel of the chairman and MD?" he said.

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Source: ‘Ulhas Phaldessai destroyed bank’

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