Bank fraud: ED attaches Rs 27 crore worth assets

MUMBAI: The ED has provisionally attached properties worth around Rs 27 crore in a money laundering case they are investigating against Pune-based Shivajirao Bhosale Co-operative Bank and its office bearer, including former MLC Anil Shivajirao Bhosale.
The 23 attached immovable properties belonging to Bhosale, Suryaji Pandurang Jadhav and Nusrat Shanur Mujawar and equity holdings of Anil Bhosale.
It is alleged that Bhosale, the then chairman of Shivajirao Bhosale Co-operative Bank was the main conspirator behind the siphoning of Rs 494 crore from the bank between 2016 to 2019. On RBI's instruction, the bank's auditor had found there was no physical cash present in bank's headquarters, but on the books they were showing Rs 72 crore as balance. The auditor filed a cheating case at Pune.