Jalna merchant bank fraud case: Second accused Nileshwar Bhosale arrested

Lokmat News Network

Jalna

The Economic Offences Wing (EOW) has arrested the second accused in the Rs 23.33 crore fraud at Jalna Merchant Co-operative Bank, allegedly carried out using forged documents.

The arrested suspect has been identified as Nileshwar Bhosale (46, Sindkhed Raja in Buldhana). The court has remanded him to seven days’ police custody. The fraud involved siphoning off Rs 23.33 crore through 177 fake account holders under the pretext of warehouse loans at the bank. A case has been registered at Chandan Zirra police station. Considering the seriousness and scale of the offence, superintendent of police Ajaykumar Bansal had transferred the probe to the Economic Offences Wing. The alleged mastermind, Raychand Sakharam Kurangal, was arrested earlier. During his interrogation, Bhosale’s name surfaced as an active participant in the scam. Acting on this lead, the EOW team laid a trap and arrested Bhosale late Thursday night. Investigation has revealed his active involvement in the large-scale embezzlement. The operation was carried out under the guidance of superintendent of police Ajaykumar Bansal, additional superintendent of police Ayush Nopani, and EOW in-charge deputy superintendent Suresh Unwane. The team included police sub-inspector Mithun Ghuge, and team.