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FD scam: Maha to probe babus

The Maharashtra government on Monday told the legislative Assembly that it would conduct an in-depth inquiry into a ‘fixed deposit scam’, which allegedly took place during the previous Congress-NCP regime.

Minister of State for Home Ranjit Patil said while replying to a calling attention notice by BJP MLA Atul Bhatkhalkar that an in-depth probe would be initiated against the officials involved in the scam.

Finance Minister Sudhir Mungantiwar said fresh norms would be put in place for the state-run corporations regarding the fixed deposits. Bhatkhalkar said several of these corporations deposited crores of rupees with a single bank through a person, a hotelier, who claimed he was from that bank.
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