Submitting fake loan proposals and withdrawing money in collusion with bank officials is an old modus operendi of fraud in banks. But urban cooperative banks seem to have perfected this art with finness.
Maharashtra Deputy Chief Minister and nephew of Maratha strongman Sharad Pawar Ajit Pawar’s close aid Shivaji Kale has been charge sheeted in one of such case involving an urban cooperative bank in Pune.
Former chairman Vilas Balwant Sarnobat used 40 fake loan proposals to earn Rs 9.99 crore. Former director Kishore Vasant Kunjir submitted 23 such proposals and earned Rs 8.96 crore. former deputy speaker of khed panchayat samiti Rajesh Vasant Jawalekar had submitted 39 fake loan proposals and collected Rs 10.9 crore from the bank while former director Rajendra Vasant Konde submitted five fake loan proposals amounting to Rs 5.82 crore.These were mentioned in the chargesheet filed by Economic offence wing.
Incidently the bank’s name is also Ajit Cooperative bank where Shivaji Kale, Ajit Pawar’s aid was Director at the time of fraud two years ago.Ajit Pawar’s reaction is awaited.