NCP MLA Held in Maharashtra Graft Case

Published: 18th August 2015 04:25 AM  |   Last Updated: 18th August 2015 04:25 AM   |  A+A-

MUMBAI: NCP legislator Ramesh Kadam, accused of siphoning off Rs 526 crore from state-run   Annabhau Sathe Development Corporation (ASDC), was arrested on Monday morning from a five star hotel in Pune. Kadam had been reported “missing” since July 20.

According to an investigation report filed by the Crime Investigation Department, Kadam in his capacity as Chairman of ASDC allegedly transferred funds to organisations headed by him. The money was meant for the welfare of backward communities for whom the corporation was set up.

Kadam had gone missing on July 20, the day the report was tabled in the Vidhan Sabha. The CID has filed charges of forgery and cheating against Kadam. The charges include illegally sanctioning Rs 41 crore to Joshaba Central Cooperative Society, an organisation controlled by him.

Kadam, who represents Mohol in the state Assembly, allegedly sanctioned Rs 58 crore to set up a spinning mill in Aurangabad. Investigations revealed that the mill was controlled by him.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp