Archive · 25 Jul 2025
Ex-MLA's Properties Auctioned in ₹512 Cr Bank Scam Case
Imagine a bank that wasn't managed very well, and a lot of money went missing.
Now, the government is trying to get the money back for the people who put their money in the bank.
They're doing this by selling some properties that belonged to a former politician, Vivekanand Patil.
These properties include a sports center and some land.
A court agreed that these properties should be sold.
The money from the sale will go to the people who had money in the bank, so they can get some of it back.
The case started because of some irregularities in the bank, and the authorities are still investigating.
Properties linked to ex-MLA Vivekanand Patil are set to be auctioned.
The auction is to repay creditors of Karnala Nagari Sahakari Bank.
The properties include a sports academy and a land parcel in Panvel.
The case involves an alleged fraud of over Rs 512 crore.
The court has ordered the auction of the attached properties.
- Who
- Properties linked to ex-MLA Vivekanand Patil and creditors of Karnala Nagari Sahakari Bank.
- What
- Auction of properties linked to ex-MLA Vivekanand Patil to repay creditors.
- When
- The court ordered the auction on Tuesday
- Where
- Panvel, Maharashtra.
- Why
- To repay creditors of the bank involved in a fraud case.
- Accused
- Vivekanand Shankar Patil
- Bank
- Karnala Nagari Sahakari Bank
- Fraud Amount
- Rs 512 crore
- Properties
- Sports academy and land parcel in Panvel
- Legal Action
- Auction ordered by special PMLA judge