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Bombay HC orders FIR against Sharad Pawar in bank scam

Mumbai | The Bombay High Court has ordered an FIR to be filed against Nationalist Congress Party President Sharad Pawar, and 70 others in a Rs 1,000 crore scam in the Maharashtra State Cooperative Bank.

A division bench of Justice SC Dharmadhikari and Justice SK Shinde held that there was prima facie credible evidence and directed the Economic Offences Wing (EOW) to initiate the proceedings invoking the relevant provisions of the laws.

The name of NCP leader Jayant Patil is also mentioned in the list, along with  former Deputy Chief Minister Ajit Pawar.

They were accused of causing losses worth around Rs 1,000 crore to the state’s apex cooperative bank between 2007-2011.

Earlier, a quasi-judicial probe panel under the Maharashtra Cooperative Societies Act, had blamed Pawars and the other accused in the matter.

They are accused of making a default on repayments and recoveries of the dues.

However, no FIR was filed.

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