Thousands of investors have got Rs 5 lakh each as deposit insurance against their swindled money in the Shivajirao Bhosale Co-operative Bank scam case, HT quotes RS Dhondkar,
Another DSK in the making? indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The Reserve Bank of India (RBI) has cancelled licence of Pune-based Shivajirao Bhosale Sahakari Bank, since the lender does not have adequate capital and earning prospects.
1
The Enforcement Directorate (ED) has arrested four persons on charges of defrauding Pune s Shivaji Bhosle Co-operative Bank Ltd to the tune of Rs 71.78 crore deposited by small investors. The fraud was noticed by the Reserve Bank of India (RBI) in 2019.
Anil Shivajirao Bhosale, Suryaji Pandurang Jadhav, Tanaji Dattu Padwal, and Shailesh Bhosale were arrested on March 6 after taking custody of the said accused persons from Yervada Jail.
The arrest was done by the ED s Mumbai Zonal Office-II. Anil Bhosale and his associates were earlier arrested by the Crime Branch, Pune, and were placed in judicial custody at the Yerwada Central Jail.