Bank chairman charged in multi-crore scam arrested in Ahmedabad

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Nagpur, Dec 29 (UNI) The prime accused in the Samata Sahkari Bank scam Milind Chimurkar, who was absconding for some time, has been arrested in Ahmedabad.

Chimurkar, who is chairman of the bank, was wanted by the Nagpur police.

Giving details of the police action, Additional Commissioner of Police (crime) Dr Bhushan Kumar Upadhyaya said Chimurkar had been evading arrest since an FIR against 29 people was registered by the police in the scam, estimated at Rs 145.60 crore.

The police were on the lookout for Milind, but he was absconding for quite some time. Finally, the police got information of his presence in Ahemdabad, where it sent a team, which laid a trap and arrested him, he said.

Those booked by the police include Dinkar Chimurkar, ex-chairman and father of Milind, besides other directors and administrative staff. They have been booked for violating Reserve Bank of India's norms while disbursing loans, he said.

Twelve prominent groups from the city had received loans from the bank, but none of them returned the same, Dr Upadhyaya said adding that surprisingly, even the bank made no efforts to get back the loan amount.

The police were on the lookout for other accused in the fraud and would appeal for attachment of their properties in the court, if they failed to turn up within a fixed time frame, he said, adding, the arrest of Milind Chimurkar would definitely give more clues to police.

Meanwhile, Milind has been remanded to police custody till January 2, he added.

UNI

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