Pune, Aug 16 (PTI) A Pune court on Monday granted anticipatory bail to Maharashtra BJP MLC Chandulal Patel in a case linked to an alleged scam in the BHR State Cooperative Credit Society here.
The Pune police’s Economic Offences Wing (EOW) had registered a case against Patel and others in July. More than a dozen people have been arrested in the case so far, police said.
According to the police, thousands of investors were cheated as the cooperative credit society lured them by promising good returns on their deposits.
While seeking the anticipatory bail, advocate Aniket Nikam, who appeared for the BJP MLC, argued that Patel had taken a loan of Rs 2 crore in 2014 from the credit society and after interest, the outstanding increased to Rs 3.77 crore.
“Of which, he has repaid Rs 70 lakh and for remaining amount, he did matching fixed deposits which is recognized in law,” he argued.
Nikam said none of the depositors whose fixed deposits were purchased…