The name of a former MLC of the NCP has cropped up in connection with a 71-crore scam in the Pune based Shivajirao Bhosale Cooperative Bank.
The ED on Friday conducted raids in and around Maharashtra’s Pune district in connection with its money laundering probe against a local cooperative bank, reports PTI.
Shivajirao Bhosale Cooperative Bank is promoted by former NCP MLC Anil Shivajirao Bhosale. The Enforcement Directorate (ED) claimed that “more than 90 per cent of the loans from the bank are non-performing assets (NPA).
“Anil Shivajirao Bhosale, Jadhav and Padwal by hatching a criminal conspiracy unauthorisedly and illegally transferred the money through RTGS / NEFT from bank,” the ED claimed.