Pune police took into custody Anil Bhosale, the promoter of Shivajirao Bhosale Cooperative Bank and three other functionaries for allegedly defrauding the bank of Rs 71 crore, reports PTI.
The bank is named after Anil Shivajirao Bhosale who was an NCP leader and Member of Maharashtra Legislative Council (MLC).
Earlier, the police had registered a case against Bhosale, his wife and 15-16 others, including the board of directors, for alleged forgery and misappropriation.
Police say while checking the bank’s transactions RBI had found Rs 71,78,87,723 less in the ”cash in hand” segment of the bank.
