CBI Files Case Against Maharashtra MLA, Family In Rs 409 Crore Bank Fraud
NDTV
According to the Central Bureau of Investigation, Maharashtra MLA Ratnakar Gutte is one of the directors of Gangakhed Sugar and Energy Limited.
The CBI has filed an FIR against Maharashtra MLA and sugar baron Ratnakar Gutte and Gangakhed Sugar and Energy Limited for an alleged bank fraud of Rs 409.26 crore, officials said on Friday.
Besides the company and Mr Gutte, who won the Gangakhed seat as a Rashtriya Samaj Paksha candidate in the 2019 Maharashtra assembly elections, the agency has booked his sons and other family members, they said.
According to the Central Bureau of Investigation, Mr Gutte is one of the directors of Gangakhed Sugar and Energy Limited.
It is alleged that Gangakhed Sugar and Energy Limited had availed various credit facilities to the tune of Rs 577.16 crore in the form of a term loan, working capital facility and other credit facilities from a consortium of banks led by UCO Bank between 2008 and 2015, the officials said.
