Maharashtra Businessman Takes Rs 5,400 Crore Loan In Farmers’ Name, Invests It In Business

A businessman in Maharashtra has allegedly taken aloan of whopping Rs 5400 crore and invested in his shell companies. According to t reports, leader of Opposition in Maharashtra Legislative Council, Dhananjay Munde, said a businessman had allegedly secured loans worth over Rs. 5400 crore, on the basis of fake documents made in the name of farmers.

PTI reported that Munde of Nationalist Congress Party (NCP) said Ratnakar Gutte, promoter of the Gangakhed Sugar and Energy Limited in the state’s Parbhani district, had also transferred bank loans obtained by various groups firms into different accounts.

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