Gwalior: Former Minister Bhagwan Singh Yadav is all set to face trial in Rs 11 crore Cooperative Bank scam as the Madhya Pradesh High Court has set aside the stay order into the investigations.

The scam was first reported in 2005. Yadav was then the Chairman of District Cooperative Bank Yadav during his tenure as the cooperative bank chairman was reportedly indulged in gross irregularities in allocating loans.

Following this, a case was filed against him in a Kotwali Police Station in 2005 but nothing could happen due to insufficient evidences against him.

Later on, the case was reinvestigated by the Economic Offences Wing (EOW) on court orders in 2009. EOW, then filed Challan against the former minister who managed to get court’s stay order in this case.

In fresh proceedings regarding the scam, the High Court’s Gwalior Bench has dismissed the stay order.

It is worth mentioning that Congress has appointed Bhagwan Singh Yadav as the state president of its cooperative wing recently.

(JPN/Bureau)