He was called in to answer questions on the Maharashtra State Cooperative Bank (MSCB) fraud and money laundering.
At approximately 10:30 am, Rohit and many high-ranking NCP members, including Working President Supriya Sule, arrived at the ED office.
ED scanner on BAPL, two different firms
The Authorization Directorate (ED) is testing Baramati Agro Private Restricted (BAPL), headed by Rohit, and two different firms.
This examination is connected with the supposed manipulated closeout of an Aurangabad-based debilitated sugar factory in 2012 and associated redirection with bank reserves.
According to officials from the ED, “The BAPL is accused of funding an accused co-bidder for complying with the requirement to submit an Earnest Money Deposit of Rs. 5 crore to participate in the auction.”
The Enforcement Directorate says that Baramati Agro Private Limited (BAPL), Hitech Engineering Corporation India Pvt. Ltd. (now closed), and Samruddhi Sugar Pvt. Ltd. participated in a 2012 auction for the Kannad SSK sugar factory.
During the auction, Kannad SSK was reportedly purchased by BAPL for approximately Rs. 50 crore.
The Economic Offence Wing of Mumbai Police’s FIR from August 26, 2019, serves as the foundation for the ED investigation.
Standards spurned
What are ED’s charges?
The ED says that Hitech Engineering received Rs. 5 crore from Baramati Agro and used it as EMD to bid on Kannad SSK a few days later.
The sugar plant, which had advances from MSCB, was unloaded by the bank under the Securitisation and Reproduction of Monetary Resources and Authorization of Safety Premium (SARFAESI) Act.
The FIR blames MSCB authorities for offering wiped out sugar factories at low costs to family members/confidential people, disregarding SARFAESI Act methods.
Subtleties
We will help out test: Sule
In a proclamation to media outside the ED office, Sule said: ” I have full confidence in the organization and I’m certain they will hear Rohit’s side also. We will help out every one of the organizations since we don’t have anything to stow away,” she said.
She likewise said that the organization’s examination ought to be fair and straightforward.
The senior NCP pioneer additionally hit out at the Bharatiya Janata Party (BJP), saying that it utilizes focal organizations to target rivals before races
Mediation appeal documented
ED resumed 2020 case
The underlying case was shut in 2020 yet the ED recorded a mediation request and started its request.
On January 5, the ED searched the homes of individuals associated with BAPL, Hitech Engineering Corporation India Private Limited, and Samruddhi Sugar Private Limited at approximately six locations in the state’s cities of Pune, Pimpri Chinchwad, Aurangabad, and Baramati.