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Bank Of Maharashtra Chairman Arrested in Rs 3,000 Crore Fake Loans Case
Bank of Maharashtra is ranked among major public sector banks in India All arrested have been charged under Prevention of Corruption Act Owners D.S. Kulkarni and his wife Hemanti were arrested in February
21 Jun 2018, 11:31 AM IST 
The 83-year-old Pune-headquartered Bank of Maharashtra is ranked among the major public sector banks
Pune: In a sudden development, the Economic Offences Wing (EOW) here arrested Ravindra P. Marathe, the Chairman and Managing Director of Bank of Maharashtra, in a case of Rs 3,000 crore fraudulent loans extended to Pune's DSK Group, an official said here on Wednesday. The EOW has also arrested the bank's Executive Director Rajendra K. Gupta, Zonal Manager Nityanand Deshpande from Ahmedabad and former CMD Sushil Muhnot from Jaipur.
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