@the_news_21
Pune: The Aurangabad rural police late on Wednesday lodged a First Information Report (FIR) against Bharatiya Janata Party (BJP) legislator Prashant Bamb and 15 other persons for alleged embezzlement of funds from the Gangapur Co-operative Sugar Factory.
Bamb who represents Gangapur assembly constituency in rural Aurangabad has been accused along with the others of defrauding committee members of the Gangapur Sugar Factory to the tune of Rs.15.75 crore by allegedly using fake documents.
A case under relevant sections of the Indian Penal Code (IPC) has been registered at Gangapur police station, accusing the MLA and other persons for illegally utilizing factory funds under cover of distributing interest.
Bamb has won three consecutive Assembly elections from Gangapur assembly constituency since 2009 and was the chairman of the now defunct Gangapur Co-operative Sugar Factory (GCSF).
According to the complaint filed by Krushna Patil Dongavkar the state government had taken control of the factory, which had been shut since 2008 for defaulting on its loan payments. Following this then board of directors had rushed to the local court to prevent the sale of the sugar factory by the concerned bank.
The directors had managed to raise the loan arrears (exceeding Rs. 15.75 crore) while the court proceedings were on and the sale of the factory was subsequently cancelled. The court had directed the amount to be credited to the factory’s account.
However, a section of the factory’s committee members alleged that Bamb and the working director B M Patil had embezzled the fund amount by showing that the factory was a partnership.
The committee members have alleged that Bamb and Patil used fake documents to prove their ‘partnership’ and had opened illegal accounts with a local bank to deposit the fund amount.
