MSC Bank scam case: In the 2019 money laundering case involving the Maharashtra State Cooperative Bank (MSCB), the Enforcement Directorate filed a chargesheet. Surprisingly, the central agency has not charged Nationalist Congress Party (NCP) leader Ajit Pawar and his wife in the case despite the fact that they served as the finance minister of Maharashtra at the time.
The chargesheet has yet to be cocognizance by the court. At the time, Ajit Pawar, the former deputy chief minister, was a well-known and powerful member of the MSC Bank Board of Directors.
Sources claim that on April 5, the ED filed charges against Guru Commodity Services Pvt Ltd, Yogesh Bagrecha, a chartered accountant who works for Guru Commodity Services, and Jarandeshwar Sugar Mills. Opposition Leader Pawar and his wife Sunetra were not named as defendants in the complaint, though.
An investigating agency can always file a supplementary chargesheet and name other defendants in the case after their roles are confirmed with evidence, ED officials who declined to comment on the situation hinted.
The ED never interrogated Ajit Pawar over the case.
About money laundering case:
The Economic Offence Wing (EOW) of the Mumbai police registered a case of fraud, forgery, and corruption on the Bombay High Court’s directions, and that report served as the foundation for the ED’s money laundering probe.
According to the allegations in the FIR, the former MSCB officials and directors sold cooperative sugar mills to their relatives and private person for inflated prices without following the proper procedure outlined by the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act).
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