Bombay HC refuses to grant interim relief to Shiv Sena leader Anandrao Adsul in bank fraud case

Mumbai: The Bombay High Court yesterday refused to pass any order granting interim protection from coercive action to Shiv Sena leader and former MP Anandrao Adsul in connection with an alleged Rs. 980 crore fraud at the City Co-operative Bank.

Adsul, who was the former chairman of the City Co-operative Bank, had moved HC this week challenging the case and the summons issued by the ED directing him to appear before it for questioning.

The



money laundering case is based on a First Information Report (FIR) of Mumbai Police Economic Offences Wing (EOW) into the alleged irregularities in disbursement of loan funds and other financial transactions of the bank.

The court, after hearing the matter briefly, said it was not inclined to pass any order granting relief to the petitioner at this stage and posted the matter for further hearing on 8th October.