MSCB scam closure: ED’s intervention petition on closure report in cooperative bank scam, Mumbai police opposed

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The EOW said that no undue loss has been caused to the apex cooperative bank due to the alleged fraud. In its written reply on Thursday, the EOW said that a similar intervention plea of ​​the ED was earlier rejected by the special court for cases against MPs and MLAs.

The Mumbai police on Thursday opposed the Enforcement Directorate’s plea seeking intervention on the police’s closure report in the alleged ₹25,000 crore Maharashtra State Cooperative Bank scam. The original case registered by the city police’s Economic Offences Wing had named Deputy Chief Minister Ajit Pawar as an accused, but the EOW later said no undue loss was caused to the apex co-operative bank due to the alleged fraud. The EOW, in its written reply on Thursday, said a similar intervention plea of ​​the ED was earlier rejected by the special court for cases against MPs and MLAs.

It said the central agency has filed a fresh application reiterating the same points. The EOW, which is probing the alleged scam, filed its first closure report in September 2020 and the court accepted it. But in October 2022, the investigating agency informed the court that it was conducting further investigation based on the points raised in the protest petitions filed by the complainants and the ED. In March this year, the EOW again sought closure of the case, saying “no undue loss was caused to the bank due to the alleged fraud”.

A former judge appointed as authorised officer by the cooperative commissioner concluded that the bank had not suffered any undue loss on account of loans given to the factories and the bank was recovering the amount from the factories in a legal manner. The central agency said its case was based on the EOW FIR, and it has filed a main prosecution complaint and two supplementary charge sheets after investigation. The ED told the court that the closure report will affect the prosecution complaints as well as the proceeds of crime.

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