Sunetra Pawar gets big relief in Rs 25 thousand crore scam case, court accepts closure report

The Bombay High Court has accepted the closure report filed by the Economic Offenses Wing (EOW) in the famous Maharashtra State Cooperative Bank scam case in Maharashtra. Besides, the objection petition of social activist Anna Hazare and the intervention petition of the Enforcement Directorate (ED) have also been rejected.

With this decision, the clean chit given to about 70 accused including Ajit Pawar, Sunetra Pawar, Rohit Pawar in this case has once again been confirmed. Special Judge Mahesh Madhav has approved the C summary report of the Economic Offenses Wing. C Summary means that no criminal case is made out in the investigation of this case. Therefore, the people who have been made accused are given a clean chit.

Actually, this whole matter is related to the scam of Rs 25 thousand crore in Maharashtra State Cooperative Bank. It was also called Apex Bank Scam. In this case, between 2007 and 2011, the then board of directors of the bank was accused of ignoring the rules and distributing loans to sugar factories and cotton mills.

There were also allegations that loans were given again to sugar factories that had become NPA. Not only this, due to non-payment of loans, some factories were handed over to the relatives of the operators at throwaway prices. Such allegation was made in the complaints. Due to which Apex Bank was estimated to have suffered a loss of Rs 25 thousand crores.

In this entire matter, the Enforcement Directorate adopted a tough stance in the court and made strong arguments to maintain the intervention petition, but the High Court rejected the ED’s petition. After this decision of the Bombay High Court, the Maharashtra State Cooperative Bank case now seems to be legally covered and the relief given to the accused remains intact.