MUMBAI, Feb. 28 -- Nearly five years after the Bombay High Court directed the registration of an FIR into alleged massive irregularities at the Maharashtra State Cooperative (MSC) Bank, a special court on Friday accepted the Economic Offences Wing's C Summary report, formally closing the case in which several former directors of the bank were named. The prosecution was set in motion after the high court, acting on a public interest litigation (PIL) held that the material placed before it disclosed a cognisable offence. The FIR that followed named more than 70 former directors and officials of the apex cooperative bank. It was alleged that large loans were extended to cooperative sugar factories and other units, which later turned non-performing assets. Subsequently, the assets of the defaulting sugar mills were sold to the near and dear ones of the directors at throwaway prices. The Enforcement Directorate (ED) had conducted a money laundering investigation based on the EOW's FIR, and in July 2025, a special Prevention of Money Laundering Act court added the names of Nationalist Congress Party (SP) leader Rohit Pawar, his firm, Baramati Agro Limited, and Rajendra Ingawale as accused in the money laundering case. The EOW filed a report stating that while the complaint was not false, the material collected did not disclose sufficient evidence to justify filing a charge-sheet. The court rejected all protest petitions and declined to direct further investigation....