Volume 82, Issue 5
Friday, June 18, 2021
State Bank to Sue Saxton Administration Jack Wolf, Reporter
Legal action has been the focal point of the first two official business days at BBS. The attorney general has been drowning in cases from all over. Early on Thursday morning a lawsuit against the administration was filed on behalf of the BBS bank. President of the bank Om Patel dealt with the attorneys and has been interviewed. The general tone of our conversation was lighthearted and comedic, suggesting minimal severity as seen in the eyes of Patel. Patel recalls the first day of business operations. Talking about standard operating procedures, he said, “During that first day our main focus was to open up and then get certified as a state bank.” The certification he mentions was acquired through the Secretary of State's office and Jahari via a 99-dollar fee.
filed a lawsuit against the administration. He intends to sue over wasting bank operating time as well as charging him funds already accounted for. While not severe, the lawsuit serves as a statement by Patel as to how he handles red tape. This lawsuit has helped set Mr. Patel apart as a serious businessman who doesn’t like to deal with the often roundabout nature of bureaucracy. His battle axe approach to things that frustrate him should help to ensure that people trust him with their money and financial information. In the future it would behoove the politicians of Boys State to shoot straight with the president of the bank.
The following day, members from the Director of Commerce were sent to Patel’s office requesting $20,000 for an (already paid) operating license. Patel withheld the payment and sought counsel. Later on Patel once again would meet with Jahari, Secretary of State, attempting to clear up the confusion. He was then informed that the Governor had signed an executive order, ordering that Patel had to pay the $20,000. The order was signed without ever having formal interaction with Patel. Resisting the order, Patel spoke with the Director of Commerce, threatening to sue. Under pressure, the Director conceded saying that basic paperwork was all that needed to be filed. However the office did request that Patel pay a transfer fee of one dollar. Yes, one dollar. This sent Patel over the edge as he officially
Cartoon drawing by: Adam Boogaard