Maharashtra’s Co-operative Department has sent a proposal to RBI seeking liquidation of the Shivajirao Bhosale Co-operative Bank, reports a news outlet.
If RBI accepts the proposal, this will ensure the return of the minimum deposit of Rs 5 lakh to bank’s depositors. Cooperative dept is quoted saying those who have invested more than Rs 5 lakh will receive at least Rs 5 lakh.
As many as 71,000 investors have invested a fixed deposit of Rs 5 lakh, while 8,000 investors invested more than Rs 5 lakh in the form of various deposits. Earlier, Pune police had registered a case against several functionaries including the bank chairman Anil Bhosale
The duo surrendered to a Thane court on December 14 2019. They were subsequently arrested by the city police s Economic Offences Wing which is probing the cheating case.
The jewellery firm had shut its outlets in Thane, Palghar, Mumbai and other parts of Maharashtra a couple of days before Diwali last year, leaving hundreds of people, who invested in its gold and fixed deposit schemes, in the lurch.
The two accused were booked under various IPC sections, including 420 (cheating), 406 (criminal breach of trust), 34 (common intention) and also provisions of the Maharashtra Protection of Interests of Depositors in Financial Establishments (MPID) Act and the Banning of Unregulated Deposit Schemes Act.
The jewellery firm had shut its outlets in Thane, Palghar, Mumbai and other parts of Maharashtra a couple of days before Diwali last year (file photo)
THANE: A court here in Maharashtra has rejected the bail application of two owners of Goodwin Jewellers, arrested in connection with a multi-crore cheating case involving thousands of investors.
District and Sessions Judge (special cases) R V Tamhanekar in his order on Saturday said the accused, A M Sudheerkumar and A M Sunilkumar, both brothers and owners of the fraud-hit jewellery chain originally hailing from Kerala, did not deserve bail at this stage.
Hence, their application was being rejected, he said.
Photo Credit: Pixabay
Thane: A court here in Maharashtra has rejected the bail application of two owners of Goodwin Jewellers, arrested in connection with a multi-crore cheating case involving thousands of investors.
District and Sessions Judge (special cases) R V Tamhanekar in his order on Saturday said the accused, A M Sudheerkumar and A M Sunilkumar, both brothers and owners of the fraud-hit jewellery chain originally hailing from Kerala, did not deserve bail at this stage.
Hence, their application was being rejected, he said.
The duo surrendered to a Thane court on December 14 2019. They were subsequently arrested by the city police s Economic Offences Wing which is probing the cheating case.
Kalyan: BJP women’s wing president Rekha Jadhav booked for cheating six people
TNN / Updated: Dec 19, 2020, 12:13 IST
BJP
Kalyan women wing president Rekha Jadhav, for
cheating six people of Rs 1.7 crore. So far, Mahatma Phule police have arrested two accused Jadhav and prime accused Shreekant Rao. The other two accused are Sandeep Sanap and Sunil Avhad.
The four accused, who ran an investment firm, promised 18% returns per year. Complainants claimed that the accused cheated them five years ago, but local police did not take action then.
In early October, a 20-year-old woman climbed up the overhead water tank of her society’s terrace at Andheri, prepared to leap off.