Zuwarkar remanded for 7 more days

Sandesh Prabhudesai
22 May 2001  

Somnath Zuwarkar, former Congress minister and chairman of Goa State Co-operative Bank, as well as the bank CEO C N Salkar were today remanded to police custody for seven more days, in connection with the bank scam.

On the other hand, the high court rejected Salkar's bail application while directing Zuwarkar to first approach the district and sessions court. The lower court had earlier rejected Salkar's plea. Zuwarkar's plea however would be decided tomorrow.

The state police had arrested both of them on 17 May, after which they were remanded to five-day police custody. While they challenged the JMFC orders in higher courts, the police succeeded in seeking further remand for them.

The fraud which they committed in the apex bank of the state was brought to light by three directors of the bank. Supporting the move, chief minister Manohar Parrikar has now also requested the RBI to probe into the functioning of the bank.

In addition, co-operation minister Prakash Velip has also sought an assurance from the central registrar of co-operative societies to investigate into the state of affairs of the bank. The apex bank has been granted multi-state status few years ago.

Meanwhile, former power minister Mauvin Godinho, who was arrested by the state police in the multi-crore power rebate scam, was released today morning as per the high court order. He has now applied for anticipatory bail, fearing further arrest in another case pending before the police.

Though Godinho was taking shelter in the state hospital at night since 17 May, the police lifted him at 3.30 am today and put him in the police lock-up. "We had misinterpreted the court order in this regard earlier", said a police official.

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