Mumbai, Aug. 21 -- A special Prevention of Money Laundering Act (PMLA) court here today granted bail to Nationalist Congress Party (SP) leader Rohit Pawar in the Maharashtra State Cooperative Bank scam case, commonly known as the Shikhar Bank scam.
The order came after the Enforcement Directorate filed a supplementary chargesheet against Pawar and others under the anti-money laundering law.
The ED investigation revealed that former officers and directors of the Maharashtra State Cooperative Bank had allegedly sold several cooperative sugar mills to their associates and related private companies at significantly undervalued prices without following transparent processes or proper legal formalities.
The agency filed its third chargesheet i...