Co-operative bank case hearing adjourned
AFTER FOURTH Civil Judge Class One A K Sharma issued arrest warrants against 14 ex-directors and office-bearers of the liquidated Maharashtra Brahman Sahkari Bank Limited, the case was transferred to the court of Eighth Civil Judge Class One M K Saini on Wednesday.india Updated: Jan 25, 2007 23:53 IST
AFTER FOURTH Civil Judge Class One A K Sharma issued arrest warrants against 14 ex-directors and office-bearers of the liquidated Maharashtra Brahman Sahkari Bank Limited, the case was transferred to the court of Eighth Civil Judge Class One M K Saini on Wednesday.
The 14 accused including Milind Mahajan, son of MP Sumitra Mahajan, were to appear before the court on Thursday. But since the case has been transferred to another court just a day before, the hearing has been adjourned.
Despite court order, police on January 22 had presented a supplementary challan against just three accused— Vasant Mhaskar, Vikas Pundalik and Chandrashekhar Londhe. Of the three, Mhaskar has been arrested.
In the light of this case, the police on Thursday asked the court to issue fresh orders, stating that there was no case made out against the remaining accused.
The police move has come under a scathing attack. City Congress leader K K Mishra said that the police reply was aimed at saving Milind Mahajan. “It’s a political move initiated at the behest of the BJP MP to save her son,” Mishra told presspersons.
On the other hand, Bank’s former chairman Anil Kumar Dhawaiwale has demanded a CBI inquiry to probe the financial irregularities committed by ex-directors and to detect reasons why the bank sunk. “Co-Operative Department officials are equally responsible.
Had they acted on the complaints I submitted with documentary proof, the Bank would not have sunk. FIR should be registered against the guilty officials as well,” he remarked at a press conference held here on Thursday.
He said that former state Additional Registrar, Co-Operatives, Madhu Doshi (IAS) had prepared a report on the corruption prevailing at the Bank in 2001. “That report has not yet reached Indore. The Department did not take action because their relatives were enrolled as members of the bank and they were given loans contrary to banking provisions,” he added.
According to Dhawaiwale, similar favours were extended to Central Kotwali police personnel and, therefore, they did not act against the guilty. He said, “Their kith and kin were given jobs. A beat constable’s son was appointed as a peon by ex-chairman Prof Yashwant Dabir but he would come in a car and work as per his convenience.”