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Rs 71 cr scam in Shivajirao Bhosale Co-op Bank
One India reports the ED has arrested a NCP politician and three others involved in an alleged money laundering fraud of over Rs 71 crore in Pune-based Shivajirao Bhosale Cooperative Bank promoted by them,
All the four have been arrested under sections of the Prevention of Money Laundering Act (PMLA), at the Yerawada Jail in Pune where they were lodged in judicial custody in the fraud case.
The ED had conducted raids in this case in and around Pune after it filed a criminal case against them based on a Pune Police FIR.
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.