NDCCB Scam: Another Congress MLA Sunil Kedar's troubles increase
A special court in maharashtra convicted congress MLA and former minister sunil Kedar and four others in the Rs 150 crore nagpur district Central Cooperative bank (NDCCB) scam. The court acquitted three people due to lack of evidence. The court has convicted sunil Kedar (then bank chairman), Ketan Sheth (chief bond broker), ashok Chaudhary (then bank manager) and three other bond agents. The remaining three have been declared innocent. Meanwhile, the court is currently debating the punishment. The verdict in the Rs 150 crore district Central Cooperative bank scam case is being pronounced in the court of Additional Chief Judicial Magistrate.
There was a scam of Rs 150 crore in 2002
According to ABP Majha, the verdict in nagpur district bank scam case will be pronounced today. congress leader and former minister sunil Kedar has been found guilty in this. In 2002, a scam of more than Rs 150 crore was exposed in nagpur district Central Co-operative Bank. Kedar was the chairman of the bank then. He is also the main accused in this case. Later, due to the bankruptcy of the private company, the farmers' money in the bank also got lost. A case was registered against Kedar and some others.
What is the whole matter?
In 2001–2002, nagpur district Central Co-operative bank purchased government bonds (shares) with the bank's funds with the help of private companies home Trade Limited, Indramani Merchants Private Limited, Century Dealers Private Limited, Syndicate Management services and Giltage Management Services. However, later the bank never received the cash purchased from these companies. The surprising thing is that these private companies that bought bonds went bankrupt.