NCP hits out, says Cong leaders biggest defaulters | mumbai | Hindustan Times
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NCP hits out, says Cong leaders biggest defaulters

Deputy chief minister and Nationalist Congress Party (NCP) leader Ajit Pawar on Thursday openly hit out at the Congress by alleging that the biggest debtors of the controversial MSC Bank — whose board of directors the RBI dissolved less than a week ago —belong to the Congress.

mumbai Updated: May 13, 2011 02:38 IST
Ketaki Ghoge

Deputy chief minister and Nationalist Congress Party (NCP) leader Ajit Pawar on Thursday openly hit out at the Congress by alleging that the biggest debtors of the controversial MSC Bank — whose board of directors the RBI dissolved less than a week ago —belong to the Congress.

Pawar, however, did not attack chief minister Prithviraj Chavan directly or make statements threatening the state alliance.

“Two co-operative units run in the Dhule-Nandurbar area and controlled by Congress leaders Amrish Patel and PK Anna Patil have defaulted on paying nearly Rs370 crore to the bank,” Pawar said to party workers at the state executive party meeting held at YB Chavan auditorium in Nariman Point.

The meeting was held to discuss the party’s 12th foundation day on June 10, but leaders used the opportunity to express their anger at the action taken against the NCP-controlled bank.

Party leaders, including home minister RR Patil, sugar baron Ankush Tope, legislator Shashikant Shinde and Ankush Kakade said it was time to retaliate.

Pawar said the NCP-controlled sugar co-operatives and banks were running well, while others’ co-operatives have defaulted. “PK Anna Patil is getting a state award at a textiles function. I want to ask the CM if he is being rewarded for sinking the cotton mill,” said Pawar.

Pawar said he had not played politics while being on the bank’s board. For instance, four spinning mills controlled by the Congress were granted funds, he pointed out, adding that they had defaulted on paying Rs100 crore.
They include Indira spinning mill in Wardha, controlled by Congress leader Pramod Shende; the Akkot spinning mill controlled by Congress leader Sudhakar Gangane and the Jalna spinning mill, controlled by Congress leader Balasaheb Pawar’s aide.

“I run three sugar co-operatives in Baramati. They don’t owe a penny to any bank. I was on the MSC board but not the whole-and-soul of it,” Pawar said.

Things will get clearer as the two appointed administrators run the bank, he stated.

Pawar also shared data on how the state had sold co-operative units at much lower rates than the apex bank. He pointed out that in at least four cases of such sales, the buyers had not deposited the monies.

An allegation made against the bank is that after attaching properties, they were sold at prices lower than the determined price, allegedly in favour of people close to the board. NCP chief Sharad Pawar stayed away from the meeting.