Sharad Pawar accused in a money laundering case, says would be pleased to go to jail

Must Read

Game Regulation In Latin America13

Game Regulation In Latin AmericaMany countries around the world have different types of regulations in place for games...

18 nurses at Pune have tested positive for COVID-19

Eighteen nurses at a private hospital in Pune have been tested positive for COVID - 19 on April 18....

Coronavirus case in the Rashtrapati Bhavan

Nearly 100 people have been quarantined at the Rashtrapati Bhavan complex. This is after a sanitation worker there tested...

Highlights

  • The enforcement directorate filed a case naming the Pawars in a money Laundering case.
  • The case was filed after Bombay High court ordered the police to charge Ajit Pawar and 75 others in the scam.
  • The case has emerged less than a month before Maharashtra’s 288-seats’ election.
  • The complaint alleges violation of guidelines set by Reserve Bank of India.

Veteran politician Sharad Pawar, accused in a money laundering case, last evening, says that he would be pleased to go to jail as he had never experienced it. The NCP(Nationalist Congress Party) leader has been named in a complaint but is not listed as an accused in the police report on what the Enforcement Directorate states is a 25,000 crore scam involving the sanction of loans by Maharashtra State Co-operative Bank.

The Politician has thanked the ED for naming him in connection of a bank of which he was not a member of and nor was a part of decision making.

The enforcement directorate filed a case naming the Pawars based on the case filed after the Bombay High Court ordered the police to charge the Sharad Pawar’s nephew Ajit Pawar and 75 others involved in the scam.

The complaint alleges that banking laws and guidelines set by RBI(Reserve Bank of India) were violated when loans were sanctioned to sugar factories and spinning mills in Maharashtra. Many of those who sanctioned the loans were linked with owners of the mills.

According to sources, many of the sugar factories were suffering a major loss and were being sold at throwaway prices and those who bought them were linked to bank’s directors.

Mr Pawar has questioned the timing of the case as campaigning of the upcoming assembly elections have already been commenced. The elections that will pit the ruling BJP- Shivsena alliance against that of Congress and NCP.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Game Regulation In Latin America13

Game Regulation In Latin AmericaMany countries around the world have different types of regulations in place for games...
- Advertisement -

More Articles Like This

- Advertisement -