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Adarsh scam: CBI gets nod to prosecute Ashok Chavan

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By Syona Sachdeva

New Delhi: In a major development, Vidyasagar Rao, Maharashtra Governor on Thursday sanctioned the Central Bureau of Investigation (CBI) to prosecute Ashok Chavan, senior Congress leader and former Chief Minister for alleged involvement in the Adarsh scam.

The CBI approached the Governor after getting ‘fresh evidence’ against the  former Chief Minister.

The Adarsh housing scam case was earlier closed in December 2013 when the then Governor K Sankaranarayan refused the sanction to prosecute Chavan.

Chavan had earlier said, “the BJP Government is using CBI for political vendetta. We will make our next move considering legal recourse available.”

Adarsh Housing Society is a posh building constructed for the welfare of war widows and India’s Ministry of Defense personnel but over the years, politicians, bureaucrats, and military officers secretly bent the rules regarding the ownership of flats.

The scam erupted in 2010 forcing the Chief Minister to resign from his post.

Lack of sanction for prosecution compelled the CBI to approach approached the trial court. But the refusal by the CBI court led the agency to move to Bombay High Court.

The High Court too dismissed CBI’s application last November observing that the Governor refused sanction for prosecution on conspiracy charges under the Indian Penal Code but the former Chief Minister could still be prosecuted under the Prevention of Corruption Act.

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The CBI Arrests Two Senior Retired Officers Of Bank Of India

The agency in an FIR had said that the DPIL, which manufactures electric cables and

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The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud
The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud. IANS

The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank. V V Agnihotri and P K Shrivastava, retired GM and DGM respectively, had allegedly granted undue favours to the company in granting credit limits, the officials said.

They said both have been arrested today and will be produced before special court in Ahmedabad tomorrow.The promoters of the company were arrested in April this year. The agency in an FIR had said that the DPIL, which manufactures electric cables and equipment, is promoted by Suresh Narain Bhatnagar and his sons Amit and Sumit, who are also the directors of the firm.

Bank of India
Bank of India. Flickr

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The loan, it said, was declared a non-performing asset in 2016-17. “It is alleged that the DPIL, through its management, fraudulently availed credit facilities from a consortium of 11 banks (both public and private) since 2008, leaving behind an outstanding debit of Rs 2,654.40 crore as of June 29, 2016,” the agency had said. (IANS)

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