Mah: ED issues summons to ex Shiv sena MP Anandrao Adsul

Mumbai, Enforcement Directorate (ED) officials have summoned former Shiv sena Member of parliament (MP) Anandrao Adsul and his son Abhijeet Adsul to appear before it in connection with City Cooperative bank’s Rs 980 crore fraud, here on Monday.

The ED Official this morning at around 0830 hours reached at Mr Adsul residence at Kandivali and issued the summons, stating that the duo have to appear before ED officials for inquiry on Monday itself.


Mr Andul told the ED officials that he has prior meeting with RBI officials in New Delhi, so he has to go to Delhi on Monday that is why he will not able to appear before the agency today.


Complainant Ravi Rana had alleged that Mr Adsul and others have committed a fraud of Rs 980 crore in the City Cooperative Bank. In Mumbai the bank had 14 branches and due to fraud the bank become a sick bank, resulting in its shareholder and account holders losing their hard earned money. He further said Mr Adsul was chairman of the bank and he had given bank property on rental basis to parties.

(EW correspondent)