Nagpur: In a significant development, Congress MLA and former minister Sunil Kedar has been handed a five-year rigorous imprisonment term and fined Rs 10 lakh after being found guilty in the Rs 150 crore Nagpur District Central Cooperative Bank (NDCCB) scam.
The verdict was delivered by a special court in the city. The court, after careful examination of the evidence, pronounced Kedar guilty of his involvement in the scam, which has been a matter of investigation and public interest for an extended period.
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Thursday 03 Oct. 2024
The scam revolves around financial irregularities within NDCCB, and the court’s decision reflects a stern stance against corruption. Alongside Sunil Kedar, five other accused in the case have also been sentenced to five years of rigorous imprisonment and fined Rs 10 lakh each.
The court’s ruling sends a strong message about the consequences of fraudulent activities within financial institutions and holds those responsible accountable for their actions.
The legal proceedings brought to light a series of malpractices that had transpired within NDCCB, causing financial distress and eroding public trust.
The aftermath of this verdict is anticipated to have a ripple effect in the political landscape, prompting discussions on ethical governance and financial accountability.
