After arrest, MD complains of chest pain, admitted to hospital in Pune
Sushil Muhnot, former MD and CEO, also remanded in police custody till June 27
PUNE: Ravindra Prabhakar Marathe, managing director and chief executive officer (CEO), Bank of Maharashtra (BOM), who was arrested on Wednesday and remanded in police custody till June 27, was taken to the Sassoon General Hospital on Thursday after he complained of chest pain during his first night in police custody.
Marathe was produced in court along with Rajendrakumar Vedprakash Gupta, executive director, BOM; Sunil Madhukar Ghatpande, chartered accountant working for DS Kulkarni developers limited; and Rajeev Dulabhdas Nevaskar, chief engineer and vice-president of DS Kulkarni developers limited. They were remanded in police custody till June 27 after their arrests under various Sections of the Indian Penal Code (IPC), Section 3 and 4 of the Maharashtra Protection of Interest of Depositors (MPID), Sections 3, 4, 5 and 6 of Prize Chit and Money Circulation (Banning) Act, 1978 and Sections 45(s), 45(i) and a/58 of Indian Reserve Bank Act, 1934. The case in the matter was registered at Shivajinagar police station.
On Thursday, Sushil Muhnot, former managing director(md) and chief executive office (CEO) of Bank of Maharashtra (BOM) was remanded in police custody till June 27 by a Pune court on Thursday. Sudhir Hiremath, deputy commissioner of police, economic offences wing and cyber crime said Muhnot was arrested for colluding with DS Kulkarni, chairman and MD of DSK Developers Ltd, who is in judicial custody at Yerawada central jail in a case of fraud worth ~2,043 crore.
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