Failure of so called smart 'sutras'! 'I have faith in judiciary', Sharad Pawar says after ED names him under PMLA

Mumbai, September 25: Hitting another corrupt target right after P Chidambaram, K Sivakumar, Mansoor Khan and more, the Enforcement Diretorate on Tuesday moved up naming NCP chief Sharad Pawar and nephew Ajit Pawar amongst 70 others surfacing in a money laundering case.

 

With less than a month for the assembly election in Maharashtra, Pawar was named in the complaint which was included in the FIR filed by the police in Maharashtra State Co-operative Bank scam but was not accused earlier. In the recent times, he and his nephew Ajit Pawar have been named in the agency's note on the case.

 

 

Reacting to the development Sharad Pawar said, "I am not even a member of that organisation, yet my name is there in the FIR. This type of FIRs during elections will surely impact the results. I have full faith in the judiciary, this is not a new case. We welcome this move by the government".

 

Meanwhile Parth Pawar, son of Ajit Pawar turned flagrant saying, "We are not shocked by this. Before elections, this is what the present government has been doing across the country. We are together and we will be fighting against this".

 

According to the agencym, the 25,000 crore bank scam involvs the sanction of illegal bank loans. It was last month, when Bombay High Court ordered the Economic Offences Wing of the Mumbai Police to file a First Information Report against Ajit Pawar and 75 others in the alleged scam. The petitioner, Surinder Arora, had sought an investigation into the cooperative bank, which was controlled largely by the Nationalist Congress Party leaders.

 

Besides Ajit Pawar, those accused in the case include another NCP leader and senior bank officials. According to the complaint, a NABARD's audit report revealed a breach of banking laws and RBI guidelines in the distribution of loans to sugar factories and spinning mills, and the subsequent default on repayment and recovery of these loans.