November 23, 2020

Yes Bank crisis raises concern over Puri Jagannath temple’s deposits

NFTV:Odisha:Puri: A day after the Reserve Bank of India (RBI) placed Yes Bank under the moratorium and fixed withdrawal limit, a big crisis has raised over the safety huge amount of funds of Puri Jagannath Temple deposited in the cash-strapped Yes bank. The Yes Bank crisis putting the fate of 545 crore rupees under uncertainty.

The huge financial crisis in the private bank triggered fear among the servitors and devotees of Lord Jagannath putting the fate of Rs 545 crore Srimandir funds in uncertainty.

Law minister of the state of Odisha Pratap Jena shouted concern and said, there was no uncertainty over the temple funds. The money will be transferred to a nationalized bank after the maturity of the deposits on March 16 and 29.

Further, he added that: “The amount deposited in Yes Bank was in the form of fixed deposits. The Managing Committee of SJTA has decided to transfer the money to a nationalized bank after the deposits mature this month”.

Former Puri MLA Maheswar Mohanty said, “The then chief administrator of SJTA made a mistake by depositing the money in the private bank in order to get more interest. The present situation is worrisome, so SJTA should discuss with RBI to withdraw the money.”

Senior Daitapati Binayak Das Mohapatra said, “Keeping such a huge amount in a private bank was a big mistake. Those responsible should be held accountable ”

Convenor of Jagannath Sena Priyadarshi Pattnaik said, “It’s completely illegal to deposit Mahaprabhu Jagannath’s funds in a private bank. Nobody, including the managing committee of Srimandir, knew about this gross irregularity.”