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Home Co-op News Snippets

ED summon to Rohit Pawar in MSCB scam investigation

Amit Awana by Amit Awana
January 21, 2024
in Co-op News Snippets
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ED summon to Rohit Pawar in MSCB scam investigation
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The Enforcement Directorate has summoned Nationalist Congress Party (NCP) MLA Rohit Pawar, grandnephew of party supremo Sharad Pawar, in relation to the Maharashtra State Cooperative Bank (MSCB) scam. Set to appear before ED officials in south Mumbai on January 24, Rohit faces questioning over his company, Baramati Agro, allegedly linked to the MSCB scam.

Earlier raids targeted Baramati Agro and other premises involved in the scam. The investigation focuses on the suspected collusion between Baramati Agro and Hitech in manipulating the auction process for the cooperative sugar factory Kannad Sahakari Sakhar Karkhana.

The MSCB scam involves irregular loans, turning into NPAs, and subsequent undervalued sales to the accused’s kin. Previous chargesheets implicated key figures, including Deputy Chief Minister Ajit Pawar and other political and business entities.

Tags: BreakingcooperativeMSCB ScamNPARohit Pawar
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