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In the report, the EOW has said that no financial losses were caused to the bank and so far, Rs 1,343.41 crore have been recovered by the bank from the loans given.
India News: The Enforcement Directorate (ED) has questioned Rohit Pawar, the grandnephew of NCP MLA and party chief Sharad Pawar, for eight hours in relation to the money laundering probe of the Rs 25,000 crore Maharashtra State Cooperative Bank scam. This is the second time Rohit has been questioned, with his family providing moral support during the investigation.
In October 2020, the agency had filed a closure report when the Maha Vikas Aghadi was in power but two years and a change in government later, in October 2022, the EOW said that it wanted to continue with its probe.
The MSC Bank scam involves alleged fraudulent disbursal of loans totalling 25,000 crores. A PIL in the Bombay High Court shed light on the modus operandi, accusing some sugar mills of defaulting on loans granted without proper scrutiny.
Solapur, Jan 20 (PTI) Nationalist Congress Party chief Sharad Pawar on Saturday said the Enforcement Directorate was being used as a tool to terrorise and silence political opponents.