And here is the next fraud: Bank of Maharashtra’s top officials arrested in 3000 Crore fraud case

Now slowly frauds are coming out in the movie and the real faces of those frauds are coming out on which one trusts and keeps his/her money as the safest option to save money. After ICICI Banks case now the reel is twisting towards Bank of Maharashtra. The Economic Offences Wing (EOW) of Pune police has arrested some top officials of Bank of Maharashtra, including its CEO and Managing Director Ravindra Marathe, in connection with the over 3,000-crore rupee fraud case against DSK group accused of cheating thousands of its depositors.
The bank’s Executive Director Rajendra Gupta, Zonal Manager Nityanand Deshpande, and former CMD Sushil Muhnot were also among those arrested on charges of conspiring with the key accused to illegally sanction a loan of 100 crores for a real estate project.
While seeking their custody, the EOW told a local court that the accused officials had violated norms and RBI guidelines while sanctioning the loan.
The other four were arrested from Pune and produced before the Shivajinagar special court, which remanded them to police custody till June 27.
In a statement, the Bank of Maharashtra, however, maintained that the loans were sanctioned to the firm “as per the bank’s lending norms”.

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