Mumbai: The Directorate of Enforcement, which investigated alleged money laundering by a sugar factory controlled by Deputy Chief Minister Ajit Pawar, has expanded his investigation after finding questionable acquisitions from other factories.
Ed is investigating the 750-crore RS loan available by Jarandeshwar Sahakari Sugar Karkshana (Jarandeshwar SSK) in Satara, controlled by pawar.
Finding questionable transactions involving more sugar factories, he has collected documents for inspection.
These factories are purchased with loans available by Jarandeshwar SSK.
The agency has examined several other auctions similar to Jarandeshwar SSK, which by default on Maharashtra State Cooperative Bank (MSCB) loans, after that the bank has auctioned to recover loan money.
Pawar then holds an influential position in MSCB, and the factory is auctioned below the market level to the company controlled by it.
Then, four banks, including Pune District Central Cooperative Bank (DCCB), provide Rs 750 Crore to the factory without checking the detail of ownership and then the loan money is allegedly diverted for the purpose other than those declared with the bank.
Ajit Pawar is one of the directors at Pune DCCB.
During the trail investigation of the loan money, Ed learned that part of the money was used to buy several other factories.
It checks this detail and can call that is connected to this sugar factory.
In the case of MSCB money laundering, Ed investigated the 750 Crore Rs loan provided by banks to Jarandeshwar SSK.
Jarandeshwar SSK was bought by the Commodity Services Pvt Ltd.
Immediately hiring Jarandeshwar SSK to Jarandeshwar Sugar Mills Pvt Ltd Some of the funds used for the purchase of factories received from sparkling land PVT and companies related to the ajit of the pawar and his wife, said Ed said.
Ed stated that Jarandeshwar Sugar Mills Pvt Ltd and Teacher Commodity Services Pvt Ltd was just a proxy owner from Jarandeshwar SSK, and actual control with Sparkling Soil Pvt Ltd.
Ed called the four bank office carrier for a statement.
It will also immediately call the office carrier from the sugar factory purchased after diverting loan money.
Allegedly that MSCB officials agreed to a loan to the sick sugar or Karkanas factory and the default auctioned these assets.
MSCB officials ensure that relatives or close partners they managed to buy a factory at auction at prices that throw away.
Recently, ED was attached from the Jarandeshwar SSK sugar factory from Ajit Pawar.