Bengaluru: Karnataka CID has filed a charge sheet against BJP MLA and former minister Ramesh Jarkiholi and others in Bengaluru court, which includes the Karnataka Cooperative Apex Bank and affiliated district cooperative banks of Rs 439 crore from the concerned district cooperative banks, including principals and interest.
The GM of the bank lodged a police complaint in January last year, alleging that Jerkiholi, president of Safabhaya Lakshmi Shurkra Limited (Gokak), along with directors Vasant V Patil and Shankar borrowed Rs 232 crore from banks and other lenders from July 2013 to March 2017.
However, he is accused of violating the terms of the loan, stating that the firm would not change its board until the loan was repaid. “The accused appointed others, and it was done with the intention of cheating,” it is written in the complaint.
Jerkiholi and others approached Karnataka HC, which rejected the cedar. Subsequently, CID presented the charge sheet on 22 April.
Meanwhile, before the charge sheet was filed, Jerkiholi paid Rs 120 crore. “The bank informed us that Jerkiholi paid Rs 120 crore. Next, we would deposit a supplementary charge sheet as we are not yet concluding our investigation,” CID told TOI.
