The FIR has been registered with Gevrai rural police station. Deputy superintendent of police Arjun Bhosale said, “Based on the complaint lodged by the bank’s deputy manager we have registered a case of cheating, forgery against 25 directors of Jaibhavani Cooperative Sugar Factory Ltd and two officers belonging to the agriculture department.”
The officer added that the case is about obtaining loan from the bank by forging documents in 2013 and later selling off the mortgaged land to a private party without the consent and knowledge of the bank.
When contacted, bank authorities maintained that in all the sugar factory has obtained Rs 14.57 crore as loan in principle amount since 2005 and the outstanding amount is Rs 39 crore.
Complainant in the case and DCC bank’s deputy manager Asaram Surve said, “Initially, the sugar factory bagged unsecured loans from DCC at will. It was when the sugar factory continued defaulting on the loan we tried recovering the amount for which we went to take possession of the land. It was only then that we realised that the land was already sold to a private party on December 3, 2015.”
The allegations made in the complaint have been rejected by Amarsinh. He went on to state that the FIR is politically motivated and is being done at the behest of Beed guardian minister Pankaja Munde.
“We neither committed any forgery for obtaining loan nor have we obtained an unsecured loan. The said piece of land was mortgaged to the bank in 2013 but they never took efforts to get the loan mentioned on the 7/12 extract. This year, we are set to repay anything between Rs 3.5 crore and Rs 5 crore to the bank, but the Beed guardian minister does not want our sugar factory to operate.”
He added, “The piece of land was basically owned by a sugarcane harvester and the sugar factory’s then MD Sheshrao Sanap, unaware of the fact that the land has been mortgaged to DCC bank, released it and gave to the harvester. Around six months ago the board of directors came to know about it, following which the MD was given a show-cause notice by the board of directors. The land was bought back and all papers were submitted to the bank.”