<h1>Enforcement Directorate files chargesheet against state legislator in cooperative bank fraud involving sugar factory sales</h1> The Enforcement Directorate filed a chargesheet naming a state legislator as an accused in the alleged Maharashtra State Cooperative Bank scam. The case involves fraudulent sale of cooperative sugar factories by bank officers and directors to relatives and private parties at below-market prices without proper procedures. The bank allegedly manipulated an auction process in 2012 by setting low reserve prices and disqualifying legitimate bidders on questionable grounds. The scam stems from the bank's attempt to recover outstanding loans worth over 80 crore rupees from a sugar cooperative that defaulted in 2009.