Bank scam case: Nagpur court refuses to stay Sunil Kedar's conviction

A sessions court in Nagpur on Saturday declined to stay the conviction of former Maharashtra minister and Congress leader Sunil Kedar in a bank scam case and also rejected his plea for suspension of the fiveyear sentence handed to him by a lower court last weekDistrict Judge RS Patil also rejected the bail plea of Kedar newswire PTI reportedA magistrates court in Nagpur on December 22 sentenced Kedar and five others to five years rigorous imprisonment for misappropriation of funds at the Nagpur District Central Cooperative Bank NDCCB in 2002 Kedar was chairman of the bank at the time of the scamThe court also fined the six convicts with Rs 10 lakh eachKeadar had challenged his conviction and sentencing before the sessions court through an application filed by his lawyer Deven Chavhan which was heard on SaturdayAs per the prosecution the NDCCB lost Rs 125 crore in government securities in 2002 as rules were flouted while investing funds through Home Trade Private LimitedKedar was convicted under Indian Penal Code Sections 406 criminal breach of trust 409 criminal breach of trust by public servant 468 forgery for purpose of cheating 471 whoever fraudulently or dishonestly uses as genuine any document which he knows or has reason to believe to be a forged document 120b criminal conspiracy and 34 common intentionFollowing his conviction the state legislature secretariat disqualified Kedar as MLA from the date of his conviction on December 22 under provisions of Article 19 1 e of the Constitution of India and Section 8 of the Representation of the People Act 1951Also read Mumbai Plastic bottlecrushing machine installed at Sion HospitalMeanwhile Crime Branch of Jammu and Kashmir Police on Saturday filed a chargesheet against a resident of Maharashtra for allegedly cheating a businessman of Rs 170 crore on the pretext of supplying food grains in 2019 an official saidThe Economic Offences Wing of the Crime Branch Jammu presented a 504page chargesheet in a court here against accused Parvin Kumar Ninawe a resident of Nagpur in Maharashtra for allegedly defrauding Suresh Gupta proprietor of the Shona Trust Corporation a spokesman of the agency saidGupta is engaged in the business of salepurchase and supply of food grains and other allied products to the government as well as to the publicGupta in his complaint to Jammu Crime Branch alleged that he made payment of Rs 311 crore to the accused from time to time but the accused supplied goods worth only Rs 141 crore to him and the remaining amount was neither returned nor any goods were supplied by the accused the spokesman saidHe said the accused also issued a cheque of Rs 60 lakh to the complainant but it was dishonoured by the bankOn receipt of the complaint a preliminary verification was conducted and during the course of inquiry the allegations made were primafacie substantiated leading to the registration of a formal case under the relevant sections the spokesman saidHe said the offences under section 420 cheating of the Indian Penal Code are established against Ninawe who is on bail With inputs from PTI