BoM CMD among 6 held in DSK cheating case

The Economic Offences Wing of Pune police have arrested six persons, including the serving and a former CMD of the Bank of Maharashtra in a cheating case lodged against citybased real estate developer DS Kulkarni and his wife, an official said on Wednesday.

The bank’s present chairman and managing director Ravindra Marathe, executive director Rajendra Gupta, zonal manager Nityanand Deshpande, bank’s former CMD Sushil Muhnot, Kulkarni’s CA Sunil Ghatpande, and vice-president Rajiv Newaskar of the engineering department of Kulkarni’s firm, DS Kulkarni Developers Ltd (DSKDL), were arrested, the official added.

While Deshpande was arrested from Ahmedabad, Muhnot was picked up from Jaipur. All others were arrested from Pune, the police said.

They were booked under various sections of the IPC and the Prevention of Corruption Act.

“As part of our probe into the cheating case against Kulkarni, it came to light that these bank officials colluded with DSKDL by misusing their powers and authority with dishonest and fraudulent intention to sanction and disburse the amount under the garb of a loan,” said Sudhir Hiremath, Deputy Commissioner of Police (Cyber and Economic Offences).

All the accused were being produced in the court on Wednesday, he said. In May, the city police had filed a 37,000-page chargesheet against Kulkarni and his wife in the case.

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