Nagpur: The Nag Vidarbha Chamber of Commerce (NVCC), representing over 1.3 lakh traders across the region, has once again found itself mired in controversy just days before its Annual General Meeting (AGM). The chamber’s latest balance sheet, allegedly circulated without the required signatures, has sparked outrage among members and revived allegations of financial irregularities.
The NVCC has faced repeated scrutiny in recent years over alleged mismanagement of funds. At one stage, its entire executive body was dissolved, and a new committee was constituted under administrative supervision. Now, the same executive team is accused of deliberately distributing an unsigned financial document to members — a move that has cast doubts on the organisation’s transparency.
Several members have refused to endorse the balance sheet under these circumstances, making its approval at the upcoming AGM highly uncertain. “No member will accept an unsigned financial statement. This undermines transparency and accountability,” said a senior member.
Steering Committee Members Feel Sidelined
Veteran traders and former presidents allege that the NVCC’s steering committee has been sidelined in recent decision-making processes. “If the advice of senior members had been considered, these disputes could have been avoided,” remarked a long-time member, urging efforts to restore the chamber’s credibility.
Technical Glitch or Intentional Move?
Current office-bearers, however, have brushed aside the controversy, describing it as a “technical error.” They claim the balance sheet had been properly signed, but an unsigned copy was inadvertently sent for printing due to a clerical mistake. Members, however, remain skeptical. “It’s difficult to believe such a lapse could happen in an institution of this scale. It seems more like an excuse,” said one disgruntled member.
Internal Power Struggle Escalates
As NVCC marks its 80th anniversary, leadership tensions have reportedly intensified. While several office-bearers were expected to vacate their posts after completing their terms, internal disputes have stalled the transition process. “No one wants to step down, and others are eager to take over,” a trader revealed, highlighting the growing rift within the organisation.
What was intended to be a routine AGM has now evolved into a storm of allegations, leadership tussles, and demands for greater transparency — casting a cloud over one of Vidarbha’s oldest and most influential trade bodies.
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