ED has initiated a money-laundering probe against NCP chief Sharad Pawar, his nephew Ajit Pawar and the then chairman, MDs and directors of Maharashtra State Cooperative Bank for alleged loan frauds to the tune of Rs 25,000 crore. The bank had provided loans to cooperative sugar factories in Maharashtra.

from Times of India https://timesofindia.indiatimes.com/india/ed-initiates-money-laundering-probe-against-sharad-pawar-nephew-ajit/articleshow/71280980.cms