Audit report nailed directors in 2015
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.