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Munde seeks probe into Gangakhed sugar factory crop loan scam

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Press Trust of India Mumbai
Leader of Opposition in Maharashtra Legislative Council Dhananjay Munde today demanded an ED and a CBI probe into an alleged crop loan scam in the sugar factory of Gangakhed in Parbhani district.

"Ratnakar Gatte's sugar factory in Gangakhed, with the connivance of some banks, has duped farmers to the tune of more than Rs 650 crore. This whole scam should be investigated by the ED and the CBI," Munde told reporters here.

He alleged that the bosses of Gangakhed sugar factory with help from the banks disbursed loans in the names of farmers without their knowledge, rendering them ineligible for loans from other banks, not to mention the pocketing of such a large sum of money.
 

He added that the sugar factory obtained loans to grab the benefits under the crop loan facility, under the names of the sugarcane growers of the sugar factory.

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First Published: Jul 07 2017 | 10:42 PM IST

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