ED Notice To Pune And Satara District Banks Regarding Jarandeshwar Sugar Factory Loan Allocation Case – Punekar News

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Pune, 10th July 2021: On July 1, Enforcement Directorate (ED) seized the Jarandeshwar Sugar Factory in a financial scam. This Jarandeshwar Sugar Factory belongs to the relatives of Deputy Chief Minister Ajit Pawar.

Following the action taken against the factory, the ED has now issued notices to the banks which had given loans for the purchase of the factory. The ED has issued notices to both Pune District Central Cooperative Bank Limited and Satara District Central Cooperative Bank Limited.

The notice was issued after it was revealed that Satara District Bank had given a loan of Rs 96 crore. At present, the district bank is under the control of the Nationalist Congress Party (NCP) and it has come to notice that four banks, including Pune District Bank, have given loans to Jarandeshwar.

Pune District Central Bank has given a loan of Rs 250 crore to Jarandeshwar Sugar Factory. The ED has issued a notice to the bank in this…

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