Navodaya Urban Co-op Bank Scam: Ashok Dhawad booked,Bank sealed by EOW

Nagpur: Ashok Dhawad, former Congress MLA from South Nagpur, has been booked for the Rs 38.75 crore cooperative bank scam by EOW. Dhawad, was chairman of Navodaya Urban Cooperative Bank at Dhantoli presently under liquidation.

Sixteen other former directors of the bank are also involved in the scam.

The scam came to light when an audit was conducted for financial years 2015-16 and 2016-17.

On Thursday the police’s economic offences wing (EOW) sealed the bank premises. The cops have kept aside 113 documents for further investigation in the R s38 crore cooperative scam. The papers have been sealed and kept in the bank’s premises, said sources.