Is the ED raid on Baramati Agro Company politically motivated? afternoonvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afternoonvoice.com Daily Mail and Mail on Sunday newspapers.
An ailing sugar mill in Satara district was undervalued, auctioned, and eventually leased. This is just the tip of the iceberg, as per the ED. An explainer | Mumbai news
Originally a cooperative, the mill was privatised in 2010 the Central agency is questioning this move, alleging that there were irregularities in the transaction by the new owner, which it says is linked to senior NCP leader Ajit Pawar.
ED’s money laundering case is based on Mumbai police’s FIR in August 2019 which said that the then officials and directors of Maharashtra State Cooperative Bank had fraudulently sold the cooperative sugar mills at throw-away prices to relatives and private persons without following due procedure under SARFAESI Act.
Maharashtra co-operative fraud: How co-op sugar mills become private properties thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.