The economic offences wing (EOW) of Pune city police have arrested topnotch officials of the Bank of Maharashtra (BoM) including its CMD Ravindra Marathe in connection with the DSK fraud case. Officials from five more nationalised banks have been put under scanner into the case.
DCP Sudhir Hiremath said, “In investigation of C.R no 347/17 Shivajinagar police station investigated by EOW, Pune, we have arrested CMD of Bank of Mah, Ravindra Marathe, Executive Director, BoM Rajendra Gupta, Sunil Ghatpande CA of DSK. and Rajiv Newaskar, VP Engg Dept, DSK.. from Pune. & Ex.CMD BoM, Sushil Muhnoot from Jaipur & Zonal Mgr, BoM, Nityanand Deshpande from Ahmendabad. Bank officers colluded with DSKDL by misusing their power & authority with dishonest & fraudulant intention to sanction & disburse the amount of bank under the garb of loan which was siphoned off.”
The arrest follows sheer violation of Norma and RBI guidelines for extending hundreds of crores love an to the defaulting realtor.
They have been charged for offences under sections 120(B), 406, 409, 420, 465, 467, 468, 471, 109 r/w 34 IPC & 13(1)(c) r/w 13(2) of PC Act.
Following a six month long investigation, Pune city police last month filed a chargesheet against developer DS Kulkarni and his wife Hemanti for allegedly cheating thousands of depositors through various investment schemes. The chargesheet has pegged the total volume of fraud at Rs 2,043 crore. Former CMD of the bank, Sushil Muhnot has also been arrested into the case. Reports say that officials from five more nationalised banks have been put under scanner by the investigating agency.
The chargesheet that runs into 36,875 pages, was brought to the court in four vans and submitted to special judge JT Utpat.
The economic offences wing (EOW) headed by deputy commissioner of police Sudhir Hiremath has been investigating the case since October 2017, when the first depositor Jitendra Mulekar (56) approached Shivajinagar police station.
According to the chargesheet over 5,000 depositors who invested in several schemes offered by the DSK Group were duped. Over and above the deposits, the group also took loans from several financial institutions and banks for their real estate projects.