Monday, June 2, 2014

Probe report blames MSC bank board led by Ajit Pawar for losses

.....A report by the state Cooperatives department has pinned the blame for losses worth nearly Rs. 500 crores in the Maharashtra State Cooperative (MSC) Bank on its board, which was led mainly NCP politicians including the Deputy Chief Minister Ajit Pawar. The bank’s board was disbanded in 2011, after directions from the Reserve Bank of India because it was deeply in the red. .............

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