Probe Agency Raids Company Owned By Sharad Pawar's Grand-Nephew
NDTV
MLA Rohit Pawar is the owner and CEO of Baramati Agro, whose premises were raided in connection with the alleged Maharashtra State Cooperative Bank scam.
The Enforcement Directorate on Friday raided the premises of a firm owned by Sharad Pawar's grand-nephew and MLA Rohit Pawar as part of its investigation into the alleged Rs 25,000-crore Maharashtra State Cooperative Bank scam. Nationalist Congress Party chief Sharad Pawar and his nephew, Ajit Pawar, who is now part of the ruling coalition in the state, had also been named in the scam earlier.
The raids - which are part of the agency's money-laundering investigation - were conducted on at least six premises of Baramati Agro and linked entities in Baramati, Pune, Pimpri and Aurangabad. Baramati Agro is owned by Rohit Pawar, who is also the CEO of the firm.
Sources said the Enforcement Directorate's allegation is that Baramati Agro had taken high-value loans from the Maharashtra State Cooperative Bank Scam, which either remained unpaid or the funds were diverted. The agency has also claimed that people close to Sharad Pawar were on the bank's board of directors and they had given loans, without following proper procedure, to Baramati Agro and several other companies. These loans were allegedly not paid back.
