3 Bank of Maharashtra employees get bail in DSK fraud case

ST Correspondent
Friday, 29 June 2018

Pune: A special court on Friday granted bail to the three remaining employees of Bank of Maharashtra (BoM) in connection with illegal loan to city-based real estate developer D S Kulkarni and his wife, among others.

DSK has been accused of cheating people worth thousands of crores. 

Pune: A special court on Friday granted bail to the three remaining employees of Bank of Maharashtra (BoM) in connection with illegal loan to city-based real estate developer D S Kulkarni and his wife, among others.

DSK has been accused of cheating people worth thousands of crores. 

Special judge S N Sardesai granted bail to BoM Executive Director Rajendra Gupta, Zonal Manager Nityanand Deshpande and former CMD Sushil Muhnot, on furnishing bond of Rs 50,000. They have been ordered not to tamper with evidence or influence. Also, they cannot leave the country without permission of the court.  

Though the Economic Offences Wing (EOW) of Pune city police crime branch submitted to the court the accused can be given bail, special public prosecutor Pravin Chavan had opposed it on Thursday. 

The court is yet to pass order on bail plea of D S Kulkarni Developers Ltd's (DSKDL's) chartered accountant Sunil Ghatpande and DSKDL's engineering section's vice president Rajeev Newaskar. 

Earlier on Wednesday, the court had given bail to BoM Chairman and Managing Director Ravindra Marathe in the cheating case.

The special court set up under the Maharashtra Protection Of Interest Of Depositors (MPID) Act granted relief to Marathe on a surety bond of Rs 50,000. While granting the relief, the court barred him from leaving the country without its permission and ordered him to to cooperate with police. 

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