SCAM :- Chairman Of Bank Of Maharashtra Arrested in Fake Loans Case Of Rs.3,000 Crore

in #bank2 years ago

The Economic Offences Wing (EOW) here arrested the Chairman of Bank Of Maharashtra named Ravindra P. Marathe, and Managing Director of Bank of Maharashtra, in a case of fraudulent loans of Rs. 3,000 crore extended to Pune's DSK Group, an official said here on Wednesday.

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The EOW has also arrested the bank's Executive Director Rajendra K. Gupta, Zonal Manager Nityanand Deshpande from Ahmedabad and former CMD Sushil Muhnot from Jaipur.

All the arrested accused have been charged under various provisions of the Prevention of Corruption Act and other laws pertaining to cheating, forgery, criminal conspiracy and breach of trust.

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