A sugar-coated scam pill: Maharashtra factory sought Rs 328 cr loans in the names of ‘dead’ farmers

A sugar factory in Parbhani allegedly used the names of 2,298 farmers from Gangakhed village, some of whom were dead, to apply for loans worth Rs 328 crore from six banks, the Hindustan Times reported on Thursday.

The news daily reported that the farmers approached the Aurangabad bench of the Bombay high court, which ordered the Maharashtra director-general of police to constitute a special team to investigate the matter. “The special team will verify documents submitted to the banks. We will submit a report to the high court, detailing the action we have taken,” Bipin Bihari, additional director general of police (law and order), told Hindustan Times.

The scam came to light in August 2016, the report said, when Maruti Pandurang Rathod, an agriculturist from Gangakhed in Parbhani, needed money to treat his ailing father. After villagers, district central cooperative banks and Marathwada Gramin Bank refused to lend him cash, he approached the UCO Bank branch for an agricultural loan, the HT reported.

Source: http://www.ibtimes.co.in/maharashtra-sugar-factory-scam-dead-farmers-applied-rs-328-crore-loans-733677

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