Published On : Fri, Jul 17th, 2015

Wasankar Scam: Bhute of Tajshree Group, Pankaj Rathi names in supplementary charge-sheet

Rs 109 crore yet to be recovered from Wasankar Co., Avinash Bhute (Tajshree Group) had sold out land worth Rs 10 crore to Wasankar

DSC_0778Nagpur: The third charge-sheet in amazing 30,000 pages against the erring directors of infamous Wasankar Investment Company, which has duped thousands of investors of the city, was filed in the court by the police on July 16. The economic offences cell of the police had to recover Rs 130 crore from the directors of Wasankar Investment Co but it could seize the property worth Rs 21 crore so far from Wasankar company, and the recovery worth Rs 109 crores is yet to made from the directors of Wasankar Investment Co.

The company’s erring directors include Prashan Wasankar, Vinay Wasankar, Abhijit Choudhary, Mithila Vinay Wasankar, Sujit Chitrovrat Majumdar, Sika Rukesh Chakunde, Bhagyashri Prashan Wasankar and Kumud Choudhary. It is believed that Wasankar had diverted the investors’ money to different types of business.

According to sources, the names of Avinash Bhute of Tajshree Group and Pankaj Rathi, a steel trader, are also included in the supplementary charge-sheet filed by police. If the investors do not receive their invested money, both Avinash Bhute and Pankaj Rathi might land into trouble for their liability.

hqdefaultMeanwhile Nagpur Today spoke to Avinash Bute in connection with his involvement in Wasankar’s fraudulent investment plan, but he disowned his involvement, saying that it was a police-game against him. He however admitted that once he had sold out a portion of land for Rs 10 crore to Wasankar, for which he is in possession of valid document.