The hoardings have photos of Pilot and Bharatiya Janata Party MP from Jodhpur and Union Minister Gajendra Singh Shekhawat and a line 'Why are you silent on Sanjivani scam Pilot ji? People want an answer'.
Shekhawat has filed a defamation case against Gehlot for accusing him and his family of being involved in the alleged Sanjivani Credit Cooperative Society "scam".
Union Minister Gajendra Singh Shekhawat on Saturday filed a criminal complaint before a Delhi court accusing Rajasthan Chief Minister Ashok Gehlot of defaming him with remarks on the Sanjivani scam.
"I sometimes think of leaving it, but the chief minister's post doesn't leave me," Ashok Gehlot famously said earlier this year, in part as a signal to the Congress top brass not to pick someone else for the job if the party wins the assembly polls.
All four societies were under common management of the Sahara group and had collectively garnered Rs 86,673 crore, including more than Rs 47,000 crore collected by Sahara Credit Cooperative Society Ltd from nearly 4 crore depositors.
About 150 years ago, in British India, big farmers in the western region of Maharashtra agitated over unfair lending practices and demanded a more fair and inclusive financing structure. People say this is where the seeds of the cooperative movement, now omnipresent in the country, were sown. Today, more than 800,000 cooperative societies thrive in India, with 300 million members, a number close to the population of the United States. Despite a reach this deep--grass roots as they call it--cooperatives do not occupy a lion's share in the Indian economy.
Court orders probe into Union minister Gajendra Singh Shekhawat's role in a complaint linked to Sanjivani Credit Cooperative Society, in which thousands of investors allegedly lost Rs 900 crore a year ago.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Reaction to surge in applications, seemingly to hide identity as chit funds.
The Strengthening Rural Credit Cooperatives Project supports the government of India's programme to reform and revitalise the country's rural Credit Cooperative Banks.
Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.
PNB officials entered into a criminal conspiracy with 19 accused companies, the FIR alleges.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Siddaramaiah announces free LGP gas, universal health scheme in budget
Uttar Pradesh and Punjab have announced loan waivers for farmers, while Maharashtra has not despite Opposition pressure. Sanjeeb Mukherjee reports.
Beyond the macro data, there has been little enquiry into the profile of the indebted farmer households, says Shailesh Dobhal.
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
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