Barely four months after the sensational arrest of top four officials of Bank of Maharashtra (BoM), Pune Police may withdraw the charges against them.

Economic offences wing (EOW) of Pune Police is all set to file a closure report, claiming that they do not have enough evidence against the officials.

On June 20, 2018, the then CEO and MD Ravindra Marathe, executive director D Rajendra Gupta, former CMD Sushil Muhnot and zonal manager Nityanand Deshpande had been arrested for extending fraudulent loans Pune-based DSK Group.

On June 23, Marathe was released on bail and others got bail on June 30.

Pune police has already approached the Shivaji Nagar Court. The court has asked the police to submit a plea on October 20.

The case against BoM officials came under the scanner just after the arrest and questions were raised on the same. Within days of the arrest, Maharashtra chief minister Devendra Fadnavis had said that he will look into the matter and see if they were genuine or not.

The decision by Pune Police might impact the credibility of the agencies which are investigating cases against top bank officials.

First Published:Oct 19, 2018 4:12 PM IST