Ex-MD held in housing scheme fraud

PUNE: Former managing director of

Annabhau Sathe Vikas Mahamandal

was arrested on Tuesday from a roadside automobile garage in Rajkot in connection with the multi-crore scam of low-cost housing scheme for poor.

A CID team headed by additional director-general of police (CID) Sanjay Kumar and additional superintendent of police Satish Govekar nabbed

Shravan Kisan Bavane

, the former managing director of Annabhau Sathe Vikas Mahamandal. Bavane had evaded arrest for two years. The other 13 suspects in the case, including sitting MLA

Ramesh Kadam

, were arrested in 2015.

A CID officer had kept an eye on the movement of his family members and realized that they were in touch with someone at Rajkot. A police team then tracked down their movements and was shocked to see him working in a garage.