Mumbai: The Enforcement Directorate (ED) has attached a sugar factory worth RS 65 Crore in Satara rented by a company related to Deputy Chief of Minister Ajit Pawar and his wife Sunetra Pawar, as part of the probe in the case of money laundering relating to the related state of Maharashtra With Maharashtra Cooperative Bank (MSCB), said press release ed.
More than 70 politicians are accused of this case and this is the first attachment in this case.
ED statement details the order of transactions that connect assets to pawar.
It was said that the factory was purchased in auction by a company called Private Teacher Commodity Services and rented to another named Jarandeshwar Sugar Mills Private Ltd.
The agency said that the majority of shares in Jarandeshwar were held by other companies called PVT Ltd, which “investigations” have revealed ” Related companies for Ajit Pawar, Deputy Chief of State Minister of Maharashtra and Sunetra (his wife) “.
In the case of the MSCB investigated about the direction of the Bombay High Court, Ed has alleged that MSCB officials gave loan sanctions to the sick sugar factory and when the default factory on loans, they were auctioned to recover losses.
MSCB officials ensure that relatives or partners of senior politician caps get a factory during auction at affordable prices.
In August 2019, the wing of the economic violation of Police Mumbai registered the case of cheating on the previous MSCB office carrier.
Furthermore, Ed too registered money laundering cases for an investigation where 76 MSCB Director previous (many senior politicians) were named after the defendant.
Ed had found that MSCB auctioned Jarandeshwar Sahakari Sugar Karkshana (SSK) in 2010 at a price that was undervalued.
Ajit Pawar is one member of the MSCB Board of Directors at that time.
Jarandeshwar SSK was purchased by the company, PVP Teacher Commodity Services, Ltd., and rented to Jarandeshwar Sugar Mills Pvt Ltd Partly from the funds to purchase factories originated from sparkling land PVT, companies related to the pawar and his wife, said the investigation body.
According to ED, Jarandeshwar Sugar Mills Pvt Ltd and Teacher Commodity Services Pvt Ltd is the owner of the proxy Jarandeshwar SSK and actual control with Sparkling Soil Pvt Ltd.
Within a month from Leasing Out the Mill, District Pune Counterative Bank (DCCB), where Ajit Pawar is one of the directors, has provided loan sanctions Rs 100 Crore to Jarandeshwar SSK.
Furthermore, over the next few years, additional RS 600 Crore loans were given to Jarandeshwar SSK by Pune DCCB and others.
Developers based in Mumbai, the Omkar group, have floated teacher commodity services along with developers, other Shivalik Ventures based in Mumbai.
Funds to buy Jarandeshwar SSK in 2010 were put together with the help of companies related to the ajit of the pawar.
Omkar Group Promoter Babulal Varma is now in prison in case of money laundering associated with the bank.