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.
ED arrests NCP leader Anil Bhosale in Pune-based cooperative bank fraud case indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
The accused have been arrested in relation to a money-laundering probe linked to an alleged fraud of over Rs 71 crore in a Pune-based cooperative bank promoted by them
They were placed under arrest, under sections of the Prevention of Money Laundering Act (PMLA), on March 6 at the Yerawada Jail in Pune where they were lodged in judicial custody in the fraud case. The case is also being probed by the local police, the Enforcement Directorate (ED) said.
ED arrests four for duping Shivaji Bhosle Co-operative Bank of over Rs 71 78 crores aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.