Au­dit re­port nailed direc­tors in 2015

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Ke­taki Ghoge ke­taki.ghoge@hin­dus­tan­times.com

Just as chief min­is­ter Deven­dra Fad­navis trans­ferred the Dadasa­heb Rawal Co­op­er­a­tive Bank scam probe from a Spe­cial In­ves­ti­ga­tion Team to the Crime In­ves­ti­ga­tion De­part­ment, in an al­leged bid to shield the BJP MLA and now min­is­ter Jayku­mar Rawal last year, a re­port by a spe­cial dis­trict au­di­tor in 2015 had in­dicted all bank direc­tors, in­clud­ing Rawal, for mis­man­age­ment and col­lapse of the bank.

The re­port, dated Septem­ber 17, 2015, was sub­mit­ted to the SIT just two days be­fore the fi­nal or­der of trans­fer was is­sued.

Rawal, the grand­son of co­op­er­a­tive baron Dadasa­heb Rawal, was the di­rec­tor of the bank for more than 10 years. The CID in­ves­ti­ga­tion that pegged the scam at Rs36 crore had let Rawal off the hook and paved the way for his in­duc­tion in the cabi­net ear­lier this month. His in­duc­tion and the CM’s clean chit, how­ever, did lead to con­tro­versy with the Op­po­si­tion.

The Hin­dus­tan Times had re­ported ear­lier this week that CM Fad­navis’ clean chit to Rawal may back­fire.

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