India, Oct. 22 -- The money-laundering probe by the Enforcement Directorate (ED) into an alleged fraud at the Shivajirao Bhosale Sahakari Bank Limited (SBSBL) revealed irregularities in the disbursement of loans during 2007-2013. The probe found that several fraudulent and ineligible loan applications were allegedly sanctioned, according to sources.

ED had initiated the investigation based on a First Information Report (FIR) registered by the Shivajinagar police station, Pune, against Anil Shivajirao Bhosale, Suryaji Pandurang Jadhav and a few others. Subsequently, Pune Police's Economic Offences Wing submitted its chargesheet and a supplementary chargesheet in the case against the accused.

The agency's probe revealed irregularities in ...