DSK fraud: Accused bank CEO hospitalised post arrest

Pune: Ravindra Marathe, the chairman and chief executive officer of Bank of Maharashtra (BoM), who was arrested on Wednesday by the Pune police in connection with his alleged role in the DSK fraud case, was admitted to hospital on Thursday after he complained of chest pain and high blood pressure.  However, his health later stabilised and he was discharged from the hospital at around 6 pm.

Nilesh More, assistant commissioner of police, Economic Offences Wing, Pune police, said, “Last night he did complain of chest pain and uneasiness. His blood pressure was high. Hence we admitted him to Sassoon General Hospital at midnight.” He added, “His health was stabilised by evening and he was discharged at around 6 pm. He has been sent to the police custody.”

Ravindra Marathe, chairman and CEO of BoM, Rajendra Gupta, executive director of BoM, Sushil Munot, ex CEO of BoM, Nityanand Deshpande, divisional manager of BoM and Sunl Ghatande and Rajiv Newasekar of DSK group were invited by Pune police for inquiry. After completion of inquiry, they were arrested for forging documents using their positions and availing loan of Rs 100 crore to Dipak Kulkarni.

Dipak Kulkarni of DSK Group, real estate public company, is already in jail over cheating and committing fraud of Rs 2000 crore.

The Eonomic Offences Wing of Pune Police has submitted a charge sheet of over 36000 pages against Dipak Kulkarni and his wife Hemanti for cheating investors of Rs 1,083.7 crore rupees, defaulting Rs 1,000 crore to banks by not paying back their loans. Both Hemanti and Dipak Kulkarni are currently in Yerwada Jail.