Pune: ED Raids Shivajirao Bhosale Bank Which Is Facing Probe For Rs 71 Crore Fraud
Pune, January 15, 2021: Shivajirao Bhosale Sahakari Bank’s head office at Narveer Tanaji Wadi in Shivajinagar area was raided by the Enforcement Directorate (ED) today. It is learnt that the officers entered the main branch office and started the investigation. Sources said the raid was related to a financial scam perpetrated by the bank.
Shivajirao Bhosale Co-operative Bank scam director Anil Bhosale and four others were arrested by the Pune police crime branch in connection with the scam. Bhosale and others have been accused of embezzling Rs 71 crore from the bank.
The bank appointed Chartered Accountants of M. J. Pethe & Company for conducting an audit for the financial year 2018-19. Also, the Reserve Bank of India (RBI) had directed the company to verify the bank’s cash balance. In the report submitted to the Co-operative Commissionerate on the bank, it was stated that Rs 73 crore 5 lakh 8 thousand 723 was less in the cash balance check.
On this, the Commissioner of Co-operation Satish Soni informed that under the provisions of Maharashtra Co-operative Societies Act, 1960, M. J. Pethe & Co., a chartered accountants company, was informed in a letter dated November 14, 2019, to file a case against the perpetrators responsible for the embezzlement. Chartered Accountants Yogesh Lakde (29), resident of Ambegaon Budruk had lodged a complaint at Shivajinagar Police Station. The complaint was then forwarded to the Economic Offence Wing (EOW) of the Crime Branch. Accordingly, Bhosale, his wife Reshma and others were charged in the case.
