Sunil Kedar, a Congress leader and former Maharashtra minister, was found guilty in a bank scam case on Saturday. A session court in this city denied his request to have his five-year sentence from a lower court last week suspended.
Kedar’s request for bail was also denied by District Judge RS Patil. Kedar and five other individuals were sentenced to five years of severe jail by a Nagpur magistrate’s court on December 22 for misappropriating cash at the Nagpur District Central Cooperative Bank (NDCCB) in 2002. At the time of the swindle, Kedar was the bank’s chairman.
The six guilty parties were also punished ₹ 10 lakh apiece by the court.
Through an application submitted by his attorney Deven Chavhan, Kedar had contested his conviction and sentence before the sessions court, which was heard on Saturday.
The prosecution claims that since Home Trade Private Limited was used to invest money without following the laws, the NDCCB lost ₹ 125 crores in government securities in 2002.
Sections 406 (criminal breach of trust), 409 (criminal breach of trust by public servant), and 468 (forgery with the intent to deceive) of the Indian Penal Code were the grounds for Kedar’s conviction. Criminal conspiracy (120(b)), 34 (common intention), and 471 (anyone fraudulently or dishonestly uses as genuine any document which he knows or has cause to believe to be a forged document) are the relevant laws. The state assembly administration removed Kedar from office as an MLA as of December 1st, following his conviction.
