Annabhau Sathe scam: MLA Ramesh Kadam enters into Mantralaya in Mumbai
Nationalist Congress Party (NCP) legislator Ramesh Kadam, accused of siphoning off Rs 141 crore from a state-run body, was arrested from a five-star hotel on the Pune-Ahmednagar road in an early morning swoop by the CID on Monday.
Kadam, working as chairman of the government-run Annabhau Sathe Development Corporation (ASDC), allegedly transferred the funds to organisations headed by him. The money, according to CID officials, was meant for the welfare of backward communities for whom the corporation was set up.
The CID launched a massive hunt for Kadam on July 20, a day after he was booked for his alleged involvement in the scam. Following his arrest at the Grand Hyatt, CID took Kadam to Navi Mumbai for further investigation.
The charges against Kadam include illegally sanctioning Rs 41 crore to Joshaba Central Cooperative Society, an organisation controlled by him.
Kadam, the legislator from Mohol in Solapur, also allegedly sanctioned Rs 58 crore to set up a spinning mill in Aurangabad. The investigation revealed the mill was controlled by him.
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