NCP (Nationalist Congress Party) chief Sharad Pawar wants to go to jail as he has ‘never had this experience before’.
After the Enforcement Directorate (ED) named him and his nephew Ajit Pawar in a money laundering case, Pawar said that he has no problem if he has to go to jail. Making light of the situation as if jail term is a vacation, Sharad Pawar added, “I will be pleased as I have never had this experience. If someone plans to send me to jail, I will welcome it.”
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On Tuesday, the ED filed a case against Pawar, his nephew and former Deputy Chief Minister of Maharashtra Ajit Pawar and others in connection with Rs 25,000 crore Maharashtra State Cooperative Bank (MSCB) scam. A case under the Prevention of Money Laundering Act (PMLA) has been registered against the accused.
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Last month, the Mumbai Police had filed a case against Ajit Pawar and 70 others in the bank scam. Scrutiny carried out by the National Bank for Agriculture and Rural Development (NABARD), and a charge sheet filed by a quasi-judicial enquiry commission under the Maharashtra Cooperative Societies (MCS) Act held Pawar and other accused, including several directors of the bank responsible for the loss. It stated that because of their decisions, actions and inactions, massive losses were incurred to the bank.
An audit report by NABARD revealed flagrant violations of several banking laws and RBI norms by the accused in the allotment of loans to sugar factories and spinning mills and the ensuing default on repayment and recovery of such loans. During that time, Ajit Pawar was the director of the bank.
This post was last modified on September 25, 2019 11:56 am