Shivaji Bhosale Bank scam: Pune police arrests MLC Anil Bhosale, 3 others
Sumit Singh
Pune, February 25, 2020 : The economic offences wing (EOW) of Pune city police Crime Branch today arrested Nationalist Congress Party (NCP) MLC Anil Bhosale and three others in connection with Rs 71 crores fraud at Pune-based Shivajirao Bhosale Cooperative Bank. Bhosale is chairman of the bank. Many depositors have protested against the bank for cheating them.
The other arrested persons have been identified as bank CEO chief executive officer Tanaji Padwal, and officers SV Jadhav and Shailesh Bhosale.
The Reserve Bank of India (RBI) during the financial year 2018-19 had ordered an audit of the bank deposits after reports of irregularities surfaced. The audit report revealed that Bhosale and other accused prepared forged and fraudulent entries wherein the facts were fudged to manipulate the accounts register of the bank. The total fraud has been estimated to be worth Rs71.78 crores.
Chartered accountant Yogesh Lakade (29), an independent auditor, conducted an audit of the bank on the directions of the RBI and lodged the FIR with Shivajinagar police station.
The case has been registered against Bhosale, his wife Jyotsana, who is a BJP corporator in the PMC, chief executive officer Tanaji Padwal; Shailesh Bhosale, bank directors Vishnu Jagtap, Hanuma Sorte and twelve others. They have been charged for offences under sections 406 (criminal breach of trust), 408 (criminal breach of trust by servant or clerk), 409 (criminal breach of trust by public servant, or by banker, merchant or agent) , 420 (cheating), 468 (forgery for purpose of cheating), 471 (using as genuine a forged document or electronic record) and 34 (acts done by several persons in furtherance of common intention) of the Indian Penal Code (IPC).
