Mumbai: a loan of RS 750 Crore provided by four cooperative banks to a sugar factory taken by a rental by a company related to Deputy Chief of Minister Ajit Pawar and his wife, Sunetra, has come under the supervision of legislation at a cash laundering kasing.
Ed has issued a notification to four banks, including Pune Co-Op Bank Ltd, where the pawar is a director.
Ed was investigating the 750 Crore Rs loan provided by the Bank to Jarandeshwar Sahakari Sugar Karkshana (Jarandeshwar SSK).
Jarandeshwar SSK was bought by the Commodity Services Pvt Ltd.
Immediately rent Jarandeshwar SSK to Jarandeshwar Sugar Mills Pvt Ltd Some of the funds used for the purchase of factories received from Sharda Pvt Ltd and companies related to Pomar and Wife’s company, Ed said.
Ed Saidjarandeshwar Sugar Mills Pvt Ltd and Teacher Commodity Services Pvt Ltd is only the owner of proxy Jarandeshwar SSK and actual control rested by Soil Pvt Ltd.
Within a month from Leasing Out the Mill, the Central Pune Cooperative Bank, where the pawar is one of the directors, has provided loan sanctions for Rs 100 Crore to Jarandeshwar SSK.
After the range of several years, additional RS 650 Crore loans were given to Jarandeshwar SSK by Pune DCCB and other banks.
Ed tried to track financial trail.
Ed is investigating money laundering cases connected to the Maharashtra Co-Op Bank (MSCB).
The RS 750 Crore loan suspect taken by Jarandeshwar SSK was diverted for a purpose other than to declare to the bank.
Allegedly that MSCB officials agreed to a loan to a sick sugar factory and the default auctioned assets.
Allegedly that MSCB officials ensure that relatives or close partners they buy assets with auctions at affordable prices.
Ed said that while a developer from the city, Omkar Group, had floated Teacher Commodity Services PVT Ltd by contributing around Rs 29 Crore, Rs 10 Crore came from other city developers, Ventures Shivalik.
The remaining money is regulated by a pawar-controlled company to buy Jarandeshwar SSK for RS 60 Crore in 2010, said Ed.
Ed has attached Jarandeshwar SSK Mill and attachment notice states that the auction is carried out in the same way can be purchased at a price that is undervalued by teacher commodities, which is thought to be a dummy company operated by the Omkar group.