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Director Removed from Amritsar Coop Bank Due to Fraud

In a serious case of fraud, Arinderbir Singh Walia, a director at the Amritsar Central Cooperative Bank, has been removed from his position.

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Director Removed from Amritsar Coop Bank Due to Fraud
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In a major development, the director removed from Amritsar Coop Bank after a serious financial fraud surfaced. Umesh, the Joint Registrar of Cooperative Societies in Jalandhar, removed Arinderbir Singh Walia from his position as director of the Amritsar Central Cooperative Bank. Investigators found that Walia took a housing loan of ₹10 lakh using fake documents for a non-existent plot of land. This shocking act raised major concerns about corruption and weak monitoring in cooperative banks.

Investigations revealed that Walia received the loan in three installments, starting on October 16, 2017. He failed to repay it in full, breaking both legal and ethical standards. Umesh issued the removal order under Section 27(1) of the Punjab Cooperative Societies Act, 1961, which promotes fairness and transparency in cooperative institutions.

Umesh stressed the need for strict action to rebuild trust in the banking system. He said that fraud by a senior official damages public confidence and harms the bank’s reputation. “Given the seriousness of the fraud and the complete loss of moral standing, firm action is necessary to restore institutional faith,” he explained. His remarks show how strongly the department views corruption in leadership.

Investigators also found that Walia started this fraudulent activity before becoming a director. Working with his father, Satwinder Pal Singh Walia, who worked at the same bank, he used fake property documents to get the loan. Even after becoming chairman on December 15, 2021, Walia continued to benefit from this false loan. Officials later closed the loan account on March 6, 2025, but they made it clear that the closure did not cancel the crime.

A detailed inspection followed soon after. Investigators checked land records for the property listed in Walia’s loan papers, Plot No. 146 min/147, in Khasra Nos. 980 and 981, Sub-Urban Taraf Mahal-2, Abadi Kanwar Avenue Phase-2, Amritsar, and found no such property existed. Reports from the District Manager on March 4, 2025, and the Deputy Registrar of Cooperative Societies (DRCS) on October 3, 2025, both confirmed this fact.

The DRCS report also showed that several bank employees ignored proper verification procedures. They approved the loan without confirming the property details, which allowed the fraud to succeed. This negligence revealed deep flaws in the bank’s internal supervision.

Authorities gave Walia a chance to defend himself. However, they expected a clear and truthful explanation. He received a show-cause notice with 15 days to respond, and therefore, he submitted his written reply on September 25, 2025. Moreover, he personally appeared before Umesh on October 1, 2025, to explain his actions. Despite this opportunity, his statement failed to convince the investigators. Consequently, they concluded that the fraud was both deliberate and carefully planned.

After reviewing all the findings, Umesh declared that Walia had committed “persistent default and moral misconduct.” Furthermore, these actions fall under punishable offenses in Section 27(1) of the Act. He also emphasized that such unethical conduct must face strict and immediate consequences. In his words, only firm action can protect the credibility and integrity of cooperative banks.

Experts, meanwhile, believe this case clearly shows the urgent need for tighter monitoring in cooperative banking. They strongly suggest using digital property verification systems, independent audits, and stronger accountability for employees managing loans. In addition, the state government is expected to review current procedures to prevent similar fraud in the future.

Cooperative banks, on the other hand, play a crucial role in Punjab’s economy. They provide loans and financial help to farmers, traders, and small business owners. Therefore, any fraud in these institutions not only damages their reputation but also hurts thousands of families relying on them. Ultimately, ethical conduct and transparency remain the key to rebuilding and maintaining public trust.

In conclusion, the director removed from Amritsar Coop Bank case reminds everyone that integrity in finance is non-negotiable. Walia’s removal sends a strong warning that corruption will face swift action. Only through honesty, accountability, and transparency can cooperative banking protect the interests of the people it serves.

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Enzo Maresca Leaves Chelsea After Manchester City Talks and Breakdown in Relations

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Enzo Maresca Leaves Chelsea After Manchester City Talks and Breakdown in Relations
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Chelsea Football Club parted ways with head coach Enzo Maresca on Thursday, bringing an end to his 18-month tenure at Stamford Bridge. The Italian manager’s departure comes after he informed club officials about holding talks regarding the Manchester City manager position. Moreover, his relationship with Chelsea’s leadership had deteriorated significantly in recent weeks.

Why Did Maresca Leave?

The primary reason for his exit involves a breakdown in relations with Chelsea’s hierarchy. Sources reveal that Maresca told club bosses twice in late October, and again in December, that he had discussed replacing Pep Guardiola at Manchester City. Furthermore, he attempted to use interest from Juventus and City as leverage for a new contract. However, Chelsea rejected this approach and refused to enter negotiations.

Recent Struggles and Tensions

Chelsea’s form had declined significantly before Maresca’s departure. The team won only one of their last seven Premier League games, dropping to fifth place. Additionally, they drew 2-2 with Bournemouth on Tuesday, which led to fans booing the team off the pitch.

Maresca’s Chelsea Record Details
Time at club 18 months (July 2024 – January 2026)
Trophies won UEFA Conference League, FIFA Club World Cup
Contract length Until June 2029
Final league position Fifth place
Recent form 1 win in last 7 games

Key Issues Behind the Scenes

Several problems contributed to Maresca’s exit:

  • Medical Department Clashes: Maresca wanted more freedom to ignore medical advice on player workloads. Chelsea, however, protects players through strict rotation policies to prevent injuries.
  • Public Criticism: He made cryptic comments about experiencing his “worst 48 hours” at the club after beating Everton in December. These remarks surprised his own staff members.
  • Player Management: The club became concerned when captain Reece James played three full games in one week despite his injury history.
  • Fan Reaction: Supporters chanted “You don’t know what you’re doing” when he substituted Cole Palmer against Bournemouth.

Maresca’s Achievements

Despite the turbulent ending, Maresca achieved notable success at Chelsea. He guided the club back to Champions League football by finishing fourth in his debut season. In addition, he won both the Conference League and the inaugural Club World Cup.

What Happens Next?

Chelsea face Manchester City on Sunday without a confirmed manager. Under-21s head coach Calum McFarlane will handle media duties on Friday. Meanwhile, Liam Rosenior, who currently manages Strasbourg (Chelsea’s partner club), emerges as a leading candidate for the permanent position.

The club needs to act quickly as they still compete in four competitions. Consequently, they may appoint an interim manager while searching for a long-term solution.

Enzo Maresca becomes Chelsea’s fifth permanent head coach to leave since Todd Boehly and Clearlake Capital bought the club in May 2022. His departure highlights ongoing instability at Stamford Bridge despite recent trophy success.

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Alexander Arnold’s Real Madrid Future in Doubt as Premier League Clubs Circle

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Alexander Arnold's Real Madrid Future in Doubt as Premier League Clubs Circle
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The football world is buzzing with speculation about Alexander Arnold and his challenging time at Real Madrid. The English defender made a controversial move from Liverpool to the Spanish giants last summer. However, things haven’t gone as planned for the 27-year-old.

Since joining Real Madrid, Alexander-Arnold has struggled to find his rhythm. He has made only 11 appearances across all competitions. Moreover, a quadriceps injury in December has sidelined him for several months. This lack of playing time has raised questions about his future at the Bernabéu.

Current Situation at Real Madrid

Several factors are contributing to the uncertainty:

  • Limited game time with just 11 matches played
  • Recent injury keeping him out for two months
  • Difficulty adapting to Spanish football
  • One assist recorded so far this season

Despite these challenges, both Alexander-Arnold and Real Madrid remain committed to each other. The player wants to stay and prove himself. Similarly, the club believes he needs more time to adapt.

Premier League Interest Growing

Nevertheless, three English clubs are monitoring the situation closely. Manchester United, Manchester City, and Newcastle United are all considering making offers. Reports suggest they might bid around €40 million for the defender.

For Manchester United, this move would be particularly controversial. Alexander-Arnold spent his entire career at Liverpool before joining Madrid. A transfer to United would cross one of football’s biggest rivalries.

Meanwhile, Newcastle United sees him as a valuable addition to their squad. They currently sit tenth in the Premier League and want to strengthen their defense.

Real Madrid’s Position

Club Stance Details
Current valuation €40 million offers considered insufficient
Contract length Runs until summer 2031
Selling intention No plans to let him leave
Club confidence Believes in his potential

Real Madrid paid a small transfer fee to Liverpool last summer. Any sale would generate significant profit for them. However, they have no intention of selling at this point.

What Happens Next?

The January transfer window has opened, but no immediate moves are expected. Instead, the summer of 2026 could be crucial. By then, Alexander Arnold will have had more time to prove himself in Spain. If things don’t improve, those Premier League clubs might return with stronger offers.

For now, everyone waits to see if the talented defender can overcome his struggles and establish himself at Real Madrid.

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Aaron Hardie Smashes 94 as Perth Scorchers End Hurricanes’ Home Winning Streak

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Aaron Hardie Smashes 94 as Perth Scorchers End Hurricanes' Home Winning Streak
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Perth Scorchers delivered a powerful performance at Bellerive Oval, with aaron hardie playing a starring role alongside captain Mitchell Marsh. The duo put on a record-breaking display that ended Hobart Hurricanes’ impressive nine-match winning streak at home. Consequently, the Scorchers moved up to third place on the BBL points table.

Record-Breaking Partnership

Mitchell Marsh scored 102 runs off 58 balls, while Aaron Hardie remained unbeaten on 94 from just 43 deliveries. Together, they created the highest third-wicket partnership in BBL history with 164 runs. Furthermore, their explosive batting powered Perth to a massive total of 229 for 3 wickets.

Match Highlights

Team Score Result
Perth Scorchers 3-229 Won by 40 runs
Hobart Hurricanes 9-189 Lost

The turning point came during the final 10 overs. Perth scored an incredible 149 runs in that period. Additionally, they added 38 runs during the Power Surge overs, which completely changed the game’s momentum.

Hardie’s Explosive Performance

Aaron Hardie particularly dominated Chris Jordan in the 12th over. He smashed four boundaries and one six, helping his team collect 26 runs from that over alone. His innings included five massive sixes and showcased his ability to accelerate when needed most.

Mitchell Marsh praised Hardie after the match, saying he deserved the player of the match award. However, Marsh himself received the honor for his century.

Hurricanes’ Chase Falls Short

Despite a strong effort, Hobart Hurricanes couldn’t keep up with the required run rate. They lost opener Mitchell Owen cheaply once again. Subsequently, they lost both openers during the powerplay, putting them under immediate pressure.

Nikhil Chaudhary scored 31 off 15 balls, while captain Matthew Wade added 29 from 14 deliveries. The pair put together a fighting 56-run partnership. Nevertheless, their dismissals in quick succession ended any hopes of a comeback.

Key Factors in Scorchers’ Victory

  • Marsh’s second BBL century (102 off 58 balls)
  • Hardie’s unbeaten 94 off 43 balls
  • Record 164-run partnership for third wicket
  • 149 runs scored in final 10 overs
  • Disciplined bowling in crucial moments

Impact on Tournament Standings

This victory gave Perth Scorchers their second consecutive big win. Moreover, it boosted their confidence as they secured third position on the table midway through the season. Their record now stands at three wins and two losses.

Meanwhile, Hobart Hurricanes remain second on the points table despite this loss. Their record of four wins and two losses still keeps them in strong contention.

The match proved that aaron hardie has become a crucial player for the Scorchers. His ability to finish innings with such power makes Perth a dangerous team heading into the second half of the tournament.

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