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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.
4 held for duping Pune co-op bank of over Rs 71Cr prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
In a review meeting of the Himachal Pradesh cooperative department held recently, the state cooperative minister Suresh Bhardwaj said strict action would be taken against the officers who disbursed loan against the norms. He asked officials to give a complete report before 31 March.
Bhardwaj said action would also be taken against the officers involved in increasing the Non-Performing Asset (NPA) of Kangra Central Cooperative Bank.
It is reported that the Kangra Central Cooperative Bank’s present NPA reached up to 22 percent. Kangra Bank has the highest NPA among the cooperative banks in the state.
Officials said during the tenure of the former Congress government many irregularities were committed in giving loans. The loans worth crores of rupees are now difficult to recover.
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