MUMBAI, June 7 -- The Enforcement Directorate (ED) on Thursday conducted searches on ten premises in Mumbai and Parbhani, allegedly linked to sugar baron Ratnakar Gutte, in connection with a multi-crore bank fraud case. Despite repeated attempts over phone and text, Gutte could not be reached for a comment.
Gutte, a leader of Bharatiya Janata Party (BJP) ally Rashtriya Samaj Paksha (RSP), is under the scanner for alleged misappropriation of funds.
The Opposition claimed the Gangakhed Sugar and Energy Private Limited (GSEPL), which has Gutte as the chairman, used names of farmers from the village in Parbhani district, some of whom were dead, to apply for loans worth Rs.328 crore from one private and five nationalised banks.
"GSEPL has fra...