Nagpur: The Nagpur district and sessions court on Saturday rejected disqualified Maharashtra Congress MLA Sunil Kedar‘s plea seeking stay on his conviction, suspension of his jail term and grant of bail. Kedar had filed the plea after being convicted in Rs 150-crore Nagpur District Central Cooperative Bank (NDCCB) scam.
Rejecting Kedar’s application, district and additional sessions judge RS Patil-Bhosale said, “It would send a wrong message to society if bail is granted to such an accused as the scam involved Rs 150 crore of hard-earned money of the poor farmers and common man.” Kedar was the bank’s chairman when the scam took place in 2002.
A magisterial court had on December 22 convicted Kedar and five others – NDCCB ex-general manager Ashok Chaudhary, stockbroker Ketan Seth, Giltage Management Services manager Amit Verma, senior vice-president of Home Trade Securities Subodh Bhandari and director of Home Trade Securities Nandkishor Trivedi – and awarded them five years of rigorous imprisonment.
The five others convicted along with Kedar had filed separate bail applications. The court would decide on these applications on January 2.
Rejecting Kedar’s application, district and additional sessions judge RS Patil-Bhosale said, “It would send a wrong message to society if bail is granted to such an accused as the scam involved Rs 150 crore of hard-earned money of the poor farmers and common man.” Kedar was the bank’s chairman when the scam took place in 2002.
A magisterial court had on December 22 convicted Kedar and five others – NDCCB ex-general manager Ashok Chaudhary, stockbroker Ketan Seth, Giltage Management Services manager Amit Verma, senior vice-president of Home Trade Securities Subodh Bhandari and director of Home Trade Securities Nandkishor Trivedi – and awarded them five years of rigorous imprisonment.
The five others convicted along with Kedar had filed separate bail applications. The court would decide on these applications on January 2.
