The Enforcement Directorate has arrested four people including NCP politician Anil Shivajirao Bhosle for extorting money from Shivaji Bhonsle Cooperative Bank Limited in Pune. The agency has received his five-day custody.
The other accused are Suryaji Pandurang Jadhav, Tanaji Dattu Padwal and Shailesh Bhosle. These four had earlier lodged an FIR by the police in Yerwada Jail.
Police case related to discrepancies found by an RBI team from time to time at the bank's main office on April 26, 2019. As per RBI's instructions to the bank's statutory auditor for verification of cash records, this was observed. The entry of 8 71.78 crores in cash was kept pending in the cash book at the head office of the bank.
Anil Shivajirao Bhosle, a director of the bank, allegedly misused his position and conspired with others to withdraw funds from the bank and its branches for personal gain. He along with his accomplices was arrested by the First Crime Branch, Pune.
According to the ED, the deposits were sanctioned as loans to various companies and institutions, comparatively exceeding their repayment capacity. As a result, most of the loan accounts became non-performing assets, causing huge losses to the bank.