FIR recorded for misappropriation of sugar factory fundsAn FIR was registered by the Aurangabad rural police late on Wednesday against BJP legislator Prashant Bamb and 15 other persons for alleged embezzlement of funds from the Gangapur Co-operative Sugar Factory. Mr. Bamb, the BJP’s MLA from Gangapur in rural Aurangabad has been accused, along with the others, of defrauding committee members of the Gangapur Sugar Factory of upto ₹15.75 crore by allegedly using fake documents. Mr. Bamb, a three-time MLA from Gangapur, who has won consecutive State Assembly elections since 2009, was chairman of the now- dysfunctional Gangapur Co-operative Sugar Factory. However, a section of the factory’s committee members alleged that Mr. Bamb and the working director, B.M. The committee members have alleged that Mr. Bamb and Mr. Patil used fake documents to prove their ‘partnership’ and had opened illegal accounts with a local bank to deposit the fund amount.

Source: The Hindu November 19, 2020 12:17 UTC