Home / Crime and Justice / Dementia Halts 30-Year-Old Bank Fraud Case Against Former Bank Chief
Dementia Halts 30-Year-Old Bank Fraud Case Against Former Bank Chief
20 Jul
Summary
- 98-year-old ex-bank chief medically unfit for 30-year-old fraud trial.
- Dementia and visual impairment cited as reasons for incapacity.
- Trial continues for other accused; proceedings postponed six months.
Proceedings in a 30-year-old bank fraud case have been postponed for six months for a 98-year-old former chairman and managing director of Bank of Maharashtra. A medical board diagnosed Dr. Moreshwar Vaman Patwardhan with dementia due to Alzheimer's disease and significant visual impairment, deeming him incapable of facing trial.
The court acknowledged that due to his advanced age and deteriorating mental health, Patwardhan is unable to defend himself. While the trial against him is stayed for six months, proceedings against other co-accused will proceed. His daughter is tasked with overseeing his treatment and submitting updated medical reports.
The case, originating from a 1996 CBI investigation, involves alleged irregularities in loans sanctioned to the Stretch Fibres group. Patwardhan and former bank officials face charges including criminal conspiracy, cheating, and corruption.
