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ED arrests former MLA in bank fraud of Rs. 512.54 crore

On Tuesday night, the Enforcement Directorate (ED) arrested an Ex-member of the legislative assembly (MLA) Vivekanand Shankar Patil from Panvel. Patil has been held for a bank fraud of Rs. 512.54 crore from Karnala Nagari Sahakari Bank. He will be brought under a special Prevention of Money Laundering Act (PMLA) court on Wednesday. According to sources, Patil is a three-term MLA from Panvel constituency from Peasants and Workers Party of India and is the chairman of the bank. Earlier in February 2020, he had been booked with 75 others in the fraud case. Along with him, the bank’s vice-chairman Subhash Deshpande, chief executive officer Hemant Sutane, and 12 directors of the bank are involved.

Read More – Hindustan Times | News Logic

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Akshay Washindkar
23, Aspiring Actor, Screenplay Writer, Filmmaker, Content Writer @Headline English.

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