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Ed Attaches Rs 65 Crore Assets, Including Sugar Mill Linked To Ajit Pawar

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The Enforcement Directorate (ED) on Friday has attached assets worth Rs 65.75 crore in connection with the Rs 25,000 crore Maharashtra State Cooperative Bank (MSCB) scam.

The assets seized under the Prevention of Money Laundering Act include a company linked to Maharashtra deputy chief minister Ajit Pawar. The other assets include land, building, machinery and facilities.

The ED has provisionally attached the land, machinery, and buildings worth Rs 65.75 crore of Jarandeshwar Sahkari Sugar Karkhana (Jarandeshwar SSK). The ED said funds that were used to purchase Jarandeshwar SSK had come through another sugar mill.

This was in turn funded by Sparkling Soil Private Ltd. The majority shareholder in the sugar mill is Sparkling Soil Pvt Ltd which is linked to Ajit Pawar and his wife Sunetra Pawar.

While investigating, the ED found the bank had sold Jarandeshwar SSK in 2010 in an auction at a far lower price than the fair value to the director and private…

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