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.
The 83-year-old Pune-headquartered Bank of Maharashtra is ranked among the major public sector banks in India.
The 83-year-old Pune-headquartered Bank of Maharashtra is ranked among the major public sector banks in India.
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