Ultimately, it's all in the family. As the saying goes, success is relative. And the more successful you are, the more relatives you get. With Nimbalkar now emerging as a key accused in the multi-crore HomeTrade scam—he managed to evade arrest for three whole months before suddenly showing up at a Pune hospital—the minister has been at pains to distance himself from his cousin. But in fact, investigations show that the bank's Rs 30-crore investment in the HomeTrade bungle is peanuts compared to the almost Rs 200-crore largess it has extended to the Terna Cooperative Sugar factory.
Information made available to Outlook reveals that the bank sanctioned loans worth 496 per cent of its capital fund or equity to the sugar factory. This despite RBI and NABARD norms which do not allow cooperative banks to lend more than 50 per cent of their capital fund to one unit in the cooperative field.
Hemant 'Alchemist' Oberoi, 46 
